Fiscal subject related
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
Turkey Implements 1% Withholding Tax for Electronic Commerce Payments
Turkey's Presidential Decree No. 9284 introduces a 1% withholding tax on payments made through electronic commerce platforms, effective January 1, 2025. In the following, you will find out who is affected. Read more
Reminder: Transition to New Central Application for e-Invoice and e-Waybill in Turkey
The Turkish Revenue Administration (GİB) has announced a transition to a new central application for e-invoices (e-fatura) and e-waybills (e-İrsaliye), effective December 14, 2024, at 00:01 (GMT+3). This new system will enhance communication between the "Sender Unit" and the "Mail Box" used for e-invoice and e-waybill documentation. During this transition period, access to the e-Invoice an... Read more
Turkey Invites Public Feedback on Draft Guides for e-Invoice and e-Archive Cancellation Procedures
Turkey has released draft guides to update cancellation and objection procedures for e-Invoice and e-Archive applications, aiming to streamline accounting processes and improve compliance. Stakeholders are invited to submit feedback by December 13, 2024, via efatura@gelirler.gov.tr, ensuring the regulations meet practical needs. Read more
Turkey announced the transition to the New Central Application for e-Invoice and e-Delivery Note.
Turkey has announced the transition to a New Central Application for e-Invoice and e-Delivery Notes, effective December 14, 2024, to modernize and enhance electronic invoicing efficiency. The system requires stakeholders to upgrade to SOAP version 1.2, conduct necessary tests, and complete configurations before the transition date. Read more
Turkey Implements New VAT Rates for Medical Products and Special Consumption Goods
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
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
Fuel Pumps in Turkey: Yn Pump will be regulated from Ökcs Record and Report Formats Technical Guide (Version 4.0) in Turkey.
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