Turkey has been actively steering its business landscape toward a comprehensive e-invoicing system since 2012. This digital transition, initially applied to alcohol, tobacco, and oil companies, has evolved to encompass a wider range of businesses and transactions. A key feature of Turkey's e-invoicing initiative is the gradual reduction of the issuance threshold, a strategy pegged to company turnover, and expanding the scope of subjects and industries covered by e-invoicing. As of July 1, 2020, businesses with an annual turnover exceeding 5 million Turkish lira (150 thousand EUR) are mandated to adopt electronic invoicing.
E-Invoicing in Turkey: What you need to know
Public
Turkey
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
340
Content accuracy validation date:
05.12.2023
Content accuracy validation time:
08:25h
Content
The scope of the e-invoicing system extends beyond traditional invoices, covering electronic documents such as self-employment receipts, insurance policies, tickets, and e-waybills. Notably, certain sectors, including fruit and vegetable middlemen traders and online marketplaces, are obligated to issue electronic invoices regardless of their revenue.
Looking ahead, the government's vision is to expand the e-invoicing mandate to eventually cover all or nearly all transactions, cementing Turkey's position as a frontrunner in digital financial practices. The introduction of e-arşiv invoices (B2C invoices) further underscores Turkey's commitment to this digital transformation. These invoices are tailored for transactions involving recipients who are final consumers and not companies, adding an extra layer of flexibility to the system.
Beyond tax fraud prevention, the government's overarching goal is to minimize the VAT gap. To achieve this, businesses operating in Turkey are required to adapt to a growing number of reporting requirements and comply with evolving e-invoicing rules.
Other news from Turkey
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
New document was uploaded: Recorded webinar: It’s time to grow together
Public
Author: Kristina Dosen
In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more
Change in usage of some XML elements for e-archives in Turkey
Turkey
Author: Kristina Dosen
These changes refer to the usage of XML elements for electrical charging stations. Let's find out more about it. Read more
The use of QR codes in the e-invoicing system in Turkey
Public
Turkey
Author: Kristina Dosen
Turkey
Author: Kristina Dosen
Turkey is not just at the forefront of the e-invoicing reform but is also one of the first countries to introduce mandatory QR codes on invoices. Other countries have also adopted QR codes as elements of invoices, such as Spain or Portugal, and it seems that QR codes will become more and more applied to e-invoicing schemes. A QR code, short for 'Quick Response Code,' is a type of barcode that cons... Read more
A new technical guide on e-Archive was released in Turkey.
Public
Turkey
Author: Kristina Dosen
Turkey
Author: Kristina Dosen
On January 3, 2024, the Turkish Tax Administration published the new version of e-Archive Technical Guidelines V1.16. You can discover additional information on this subject in the following The text of the new version of the Technical Guide is available in English on our Fiscal Portal: e-archive Guide 1.16 Read more
New document was uploaded: Legal Q&A – Turkey
Turkey
Author: Kristina Dosen
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its content spares you the precious time you would invest in researching this specific field. This document, prepared by our experienced fiscal experts, unveils answers to questions such as: What is the type of fiscalization in the country? When did it start, and what was the timeline? What does the history of changes look like? What is the law? Which are the other regulations? Where does fiscal law need to be implemented? These examples concern only some general questions, but there are also chapters describing journals, communication with authorities, taxes, VAT, etc., and therefore questions and answers concerning these topics. Read more