Fiscal subject related
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 recognized and can operate within Turkey.
- Choose a Website Name: Select a unique and relevant name for your online store. This name will be used for your domain, which you need to register.
- Create Your Website: Develop your online store's website. Ensure it complies with Turkish Internet and e-commerce laws, including necessary security protocols to protect customer data.
- Display Company Information: Your website must clearly display essential information about your company, such as the trade name, email address, and phone number.
- Implement E-Archive Invoices: In Turkey, online stores must issue e-Archive invoices for their transactions. This requirement is part of Turkey's advanced fiscalization system, which mandates real-time reporting of both B2B and B2C invoices.
Here are the steps to comply with this requirement:
- Register for E-Invoicing: Sign up for the e-Archive system on the Turkish Revenue Administration (TRA) portal or through an authorized intermediary.
- Prepare Invoices: Create your invoices in the UBL-TR XML format, the standard for electronic invoices in Turkey, and issue them manually through the TRA portal or automatically through a dematerialization partner.
- Send Invoices: Send the e-Archive invoices directly to your customers via email, SMS, or as a printed document.
Other news from Turkey
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
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
New document was uploaded: 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
VAT rates for food and beverage services in Turkey
In Turkey, the application of value-added tax (VAT) on food and beverage services is subject to different rates based on the type of product and service scenario. In the following, we will focus more on VAT rates and their application in different scenarios. Here's a breakdown of the current VAT rates: 1% VAT Rate: This rate applies to agricultural products and certain essential goods 10% VAT... Read more