A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more

In Turkey, fiscal cash registers (NGCR) purchased from authorized dealers must be registered and activated by authorized services, who connect the devices to the Revenue Administration (GIB) system through the Trusted Service Manager (TSM). All retail transactions and external hardware or software must operate exclusively through the NGCR to ensure compliance with legal requirements and automatic transmission of daily closing (Z) reports to the GIB. Read more

The Turkish Revenue Administration (TRA) has updated the e-Invoice Package, introducing new document types, revised technical specifications, and enhanced integration guidelines. These changes, effective from February 17, 2025, aim to improve compliance, streamline tax processes, and promote electronic documentation. Read more

As of November 14, 2024, Turkey expanded the list of goods subject to the 10% VAT rate, including foods for special medicinal purposes, active substances in medicinal products, and raw materials for active substance production. This adjustment, implemented under Decision Number 9126, aligns with Turkey's VAT Law No. 3065 and aims to support public health initiatives while refining tax classificati... Read more

Turkey’s e-Invoicing system, mandated by the Revenue Administration, facilitates digital invoice exchanges for improved efficiency, compliance, and transaction transparency. It encompasses Business-to-Business (B2B), Business-to-Government (B2G), and Business-to-Consumer (B2C) invoicing, with mandatory participation for businesses exceeding turnover thresholds or operating in regulated sectors. Read more

Turkey has increased tax penalties starting January 1, 2025, as outlined in General Communiqué No. 577, with rates adjusted to a revaluation rate of 43.93% for the 2024 tax year. Key changes include higher fines for irregularities, escalating penalties for repeated non-compliance with invoice and delivery note requirements, and additional fines for withholding requested information. Read more

Turkey has implemented immediate adjustments to Special Consumption Tax (SCT) rates on fuels and chemicals, including natural gas, propane, and aviation fuel, as published in Decision No. 9380 on December 31, 2024. The changes, effective on the day of publication, may increase operational costs for businesses and prices for consumers. Read more