Turkey
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Subscribe now!Fiscal Law timeline
The introduction of the Fiscal Law in 2016 added further complexity to the tax system in Turkey, and individuals and businesses must take extra care to ensure they are in compliance with all relevant regulations. Despite the challenges, it is important to follow these requirements closely in order to avoid any legal or financial repercussions. Furthermore, the introduction of software fiscalization in 2020 adds a new layer to the fiscalization system.
Turkey
Turkey has operated as a fiscal country since 1985 and has a long history of placing a strong emphasis on taxes as a source of government revenue. One of the key ways in which the country regulates its tax system is through the mandatory use of payment recording devices. Turkey was one of the pioneers in this regard, and the obligation to use these devices was introduced as early as July 1st, 1985. This requirement was a significant step in the regulation of the tax system in Turkey and helped to ensure that individuals and businesses were paying the correct amount of taxes. The use of payment recording devices remains an important aspect of the fiscal system in Turkey and is essential for ensuring compliance with tax regulations.
Type of fiscalization: Hardware(Software)
Latest news for Turkey
See moreTurkey Implements New VAT Rates for Medical Products and Special Consumption Goods
Turkey
Author: Ivana Picajkić
Turkey has amended VAT rates with Decision Number 9126, effective mid-November 2024, aligning with VAT Law No. 3065. A 10% VAT rate now applies to licensed medical foods, human medicinal products, and related active ingredients, while a 20% VAT rate covers goods under special consumption tax and specific items in the Customs Tariff Schedule. These changes aim to support public health initiatives a... Read more
Turkey has amended VAT rates with Decision Number 9126, effective mid-November 2024, aligning with V... Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
If you are struggling with complex e-invoicing implementations across multiple countries, and if you... Read more
Fuel Pumps in Turkey: Yn Pump will be regulated from Ökcs Record and Report Formats Technical Guide (Version 4.0) in Turkey.
Turkey
Author: Ivana Picajkić
Turkey has introduced updates for New Generation Fuel Pumps (YN Fuel Pump ÖKCs), outlined in the "ÖKCs Record and Report Formats Technical Guide (Version 4.0)." This guide specifies receipt and report formats, including detailed requirements for cash, card, partial payments, and sales tied to vehicle identification systems, ensuring compliance with Turkish tax regulations. Read more
Turkey has introduced updates for New Generation Fuel Pumps (YN Fuel Pump ÖKCs), outlined in the "ÖK... Read more
A New Central Application for e-Invoice and e-Delivery Notes in Turkey Enters Testing Phase
Turkey
Author: Ivana Picajkić
On May 29, 2024, an announcement was made on the Presidency's website regarding a new central application designed to manage communication between the sender unit and the mailbox for e-invoice and e-delivery note documents. Read more
On May 29, 2024, an announcement was made on the Presidency's website regarding a new central applic... Read more
Amendment to VAT General Implementation Communiqué in Turkey
Turkey
Author: Ivana Picajkić
Turkey's recent VAT General Implementation Communiqué update (Serial No. 52) raises VAT refund thresholds from 10,000 TL to 50,000 TL, reduces documentation requirements for refunds under this amount, and adjusts VAT exemptions for transport vehicles and mining activities. Read more
Turkey's recent VAT General Implementation Communiqué update (Serial No. 52) raises VAT refund thres... Read more
Turkey Embraces AI and Machine Learning to Tackle VAT and Tax Fraud
Turkey
Author: Stefan Ditrih
Turkey's Treasury and Finance Ministry plans to leverage AI technology to combat tax evasion, enhance audit efficiency, and detect fraud, particularly in high-risk sectors like construction. By employing predictive and advanced analytics and tools for tax and customs analysis, Turkey aims to improve its tax collection rates and close the compliance gap with other OECD countries. AI will automate a... Read more
Turkey's Treasury and Finance Ministry plans to leverage AI technology to combat tax evasion, enhanc... Read more
Latest document for Turkey
See moreRecorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
If you are struggling with complex e-invoicing implementations across multiple countries, and if you... Read more
Overview of fiscalization in European countries
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
This document contains an overview of the presence of fiscalization and its types in all European co... Read more
Digital Product Passport
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
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in th... Read more
Recorded webinar: It’s time to grow together
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. Read more
In this discussion, we have introduced our new partner program and what is essential for internation... Read more
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
Q&A is a crucial document containing answers to common questions when it comes to fiscalization. Its... Read more
The VAT Rule on Vouchers No. 48
Turkey
Author: Kristina Dosen
The VAT rule on vouchers clarifies the VAT application on the sales and use of vouchers and gift cards in Turkey. Read more
The VAT rule on vouchers clarifies the VAT application on the sales and use of vouchers and gift car... Read more