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 limits cash transactions effective immediately
Turkey
Author: Stefan Ditrih
Category:
Fiscal subject related
General information
Views:
103
Content accuracy validation date:
11.10.2024
Content accuracy validation time:
08:19h
Other news from Turkey
Turkey Implements New VAT Rates for Medical Products and Special Consumption Goods
Public
Turkey
Author: Ivana Picajkić
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
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
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
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
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
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 Embraces AI and Machine Learning to Tackle VAT and Tax Fraud
Public
Turkey
Author: Stefan Ditrih
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