Fiscal subject related
Taxpayers have to fulfill at least two of the following conditions:
a) The company's sales or gross business revenue is 10 million TL (500,000 EUR).
b) Total balance-sheet assets are 10 million TL (500,000 EUR).
c) total equity or balance sheet equity exceeds 1 million TL (50,000 EUR).
They use in their business activities at least 20 cash registers.
If a retailer is not yet doing business in Turkey and wants to use the e-Archive service from day one, only the number of cash registers will be taken into account. However, they need to meet the revenue goals within the first year of doing business or switch to NGCR until they meet the requirements.
Other news from Turkey
A New Central Application for e-Invoice and e-Delivery Notes in Turkey Enters Testing Phase
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
Amendment to VAT General Implementation Communiqué in Turkey
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 Embraces AI and Machine Learning to Tackle VAT and Tax Fraud
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 limits cash transactions effective immediately
Turkey has amended its Tax Procedure Law (Tebliğ No. 459), limiting cash transactions to 7,000 TL (approximately €250) and requiring amounts above this to be processed through financial intermediaries like banks. Read more
Turkey to curb cross-border e-commerce
Due to the struggling economy and rampant inflation, the Turkish government is rolling out significant tax changes to curb the surge in online shopping from international stores. Import duties are set to rise sharply, and the exemption threshold will be lowered. Additionally, certain product categories will face an extra tax. E-commerce in Turkey has been booming, with online spending more than do... Read more
Need to know essentials when opening an online store in Turkey
Opening an online store in Turkey involves several key steps, starting with registering your business with the Trade Register. This process is straightforward and can be handled by a lawyer or accountant in Turkey. Steps to Set Up an Online Store Register Your Business: The first step is to register your business with the Trade Register. This legal requirement ensures your business is recognize... Read more
Updates to Turkey's e-Archive (e-Arşiv) System
Starting July 1, 2024, Turkey's Revenue Administration (TRA) will implement new mandatory fields for e-Arşiv invoices. Let's find out more about this. Read more