FISCAL SOLUTIONS...
News
Public 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.
Category:

Fiscal subject related

Views: 165
Content accuracy validation date: 02.02.2024
Content accuracy validation time: 08:51h

Content

A QR code, short for 'Quick Response Code,' is a type of barcode that consists of squares instead of bars or lines. This enables the code to be scanned and display information in a format that machines can read, which allows for the storage of much more information than traditional bar codes. QR codes originated in Japan and were first used in the transport and industrial sectors to simplify logistical operations, but they soon became popular in other fields.

Employing QR codes enables the storage of diverse information in numerical, alphabetical, or symbolic formats. Nevertheless, the capacity of QR codes is constrained and varies depending on the nature of the information they convey. Furthermore, there has been a recent surge in the utilization of QR codes for electronic invoice exchanges. Serving as a straightforward method to encapsulate crucial information in a graphical format, QR codes on invoices facilitate swift and effortless verification of the accuracy of invoices or receipts for buyers of goods and services. Consequently, tax authorities can reliably document the transaction details for reporting purposes.

Commencing in September 2023, Turkish tax authorities mandate the incorporation of QR codes. These codes are obligatory for B2B and B2G E-invoices, as well as E-archive for B2C or B2B transactions involving customers below a specific threshold. Additionally, e-delivery notes declaring the transfer of goods are subject to this requirement.

E-invoicing undergoes continuous evolution in numerous countries, and the incorporation of QR codes into invoices is part of these dynamic changes. Despite their apparent simplicity, these images play a crucial role in providing taxpayers with a convenient way to instill confidence in tax authorities. They contribute to ensuring accuracy and control over invoice data throughout the business cycle.

Other news from Turkey