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Turkey ends Notifications of Sales & Purchases reporting Oct 2024

21 August 2024 in

Turkey

Compliance simplification: Ending forms Ba and Bs reports on sales and purchase transactions Turkey’s Revenue Administration has announced a significant regulatory change regarding tax reporting requirements for businesses. A draft communiqué has been prepared, which proposes terminating the requirement for taxpayers to submit Notification on

Turkey e-invoice e-Fatura and e-Arşiv update

2 January 2024 in

e-invoice

Jan 2024 - new e-Fatura technical guidelines The Turkish Revenue Administration has issued new technical guidance on e-invoicing and e-archiving requirements. These come into effect from 2 January 2024. QR codes mandated for e-invoices September 2023 The Turkish tax authorities is to impose QR Codes

Turkey raises VAT 2% to 20% July 2023

7 July 2023 in

Turkey

10 July 2023 VAT standard rate increases from 18% to 20% Turkey has gazetted on 7 July 2023 a 2% increase in its VAT rate from 10th July 2023. The reduced VAT rate will also increase from 8% to 10%. The 1% reduced rate on

Turkey imposes QR Code requirement for VAT e-invoices

26 February 2023 in

From 1 September 2023, e-fatura invoices must include QR Codes The Turkish Revenue Authority is to require taxpayers to include Quick Response Codes (QR Codes) on the following tax documents: E-factura invoices for B2B and B2G transactions (Turkish e-invoices) E-arsiv for all B2C transactions, plus

Turkey implements 2% Accommodation Tax 2023

7 January 2023 in

Accommodation Tax

Delayed tax on overnight accommodation services introduced 1 January 2023 The much delayed Turkish 2% Accommodation Tax was implemented from 1 January 2023. Dec 2021: COVID-19 economic fallout puts back new tax implementation date The Turkish government had pushed back again the introduction of its

Turkey VAT guide

28 July 2022 in

Country VAT guide

VAT compliance and reporting rules in Turkey Country VAT guides Below is a summary of the major rules provided under Turkish VAT rules (Katma Değer Vergisi Kanunu (VAT Act)). Check our country VAT guides for other jurisdictions. Our VAT Calculator & VAT Filer products on a single platform, VAT

Turkey further VAT cuts

29 March 2022 in

Inflation

Inflation hits 62% in March prompts more VAT rate cuts On 28 March, the Turkey President, Tayyip Erdogan, announced a cut from 18% to 8% for a range of goods including: bathroom supplies such as soap and detergents, napkins and toilet paper baby nappies. restaurant

Turkey cuts VAT on electricity to 8%; basic foodstuff 0%

1 March 2022 in

Inflation

49% inflation prompts VAT cut to domestic heating following cut to basic foodstuffs President Erdogan announced yesterday a cut from 18% standard rate to 8% reduced rate for domestic electricity. Foodstuffs zero-rated announced mid-February. The cut from the reduced rate of 8% to 1% will

Turkey cuts VAT on food to 1% as inflation escalates

14 February 2022 in

Inflation

Record inflation prompts temporary VAT cut to basic foodstuffs Turkey has become the latest country to temporarily cut VAT to combat inflation. The cut from the reduced rate of 8% to 1% will apply to: Fruit and vegetables Dairy Cooking oil This change should be

Turkey VAT on foreign B2C digital service providers

5 December 2021 in

digital services

Turkey introduced Value Added Tax liabilities on non-resident providers of digital services to its consumers from January 2018. There is no VAT registration threshold, but there is a simplified registration process for foreign providers of digital or electronic services with the Turkish Revenue Administration. B2B

Category: Turkey