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Turkey e-invoice e-Fatura and e-Arşiv extended to more taxpayers

18 November 2021 in

e-invoice

Lowered annual e-Fatura and e-Arşiv thresholds for all B2B businesses; e-commerce and property attract special requirements Turkey has added new requirements to its government pre-clearance e-Fatura e-invoice regime in the past months. The Turkish Revenue Administration (TRA) wishes to bring more taxpayers into the e-Fatura net

Turkey withholding VAT threshold raised to TRY2,000

17 June 2021 in

Turkey

Turkey has increased its withholding VAT threshold from TRY1,000 to TRY2,000 per invoice. This came into effect from 3 June 2021 when the change was ‘gazetted’. The regime applies on payments for supplies of goods or services payable to non-residents. Like regular income withholding taxes,

Turkey cuts VAT on accommodation and cultural services to 1%

3 May 2021 in

COVID-19

Two temporary cuts to VAT rates extended till 30 September 2021 during COVID-19 pandemic Turkey has extended again the reduce the Value Added Tax rate on accommodation and other services to the 1% reduced rate, this time until 30 September 2021. A range of other

Turkey prolongs VAT rate cuts on COVID fears

4 April 2021 in

COVID-19

Turkey has again extended the application of temporary VAT cuts due to the ongoing coronavirus pandemic and economic situation. The following supplies will continue to be reclassified from the reduced 8% rate to the reduced rate of 1%: Overnight accommodation Hospitality services Entrance to theatres,

Turkey allows VAT bad debt refunds

2 January 2019 in

Turkey

From 1 January 2019, Turkey has allowed limited recovery of Value Added Tax declared and paid on sales invoices which have subsequently good bac. The right to deduct is now based on article 322 of the Tax Procedures Code. The clarifies debts from customers may

Tag: Turkey

Turkey e-invoice e-Fatura and e-Arşiv extended to more taxpayers

Turkey withholding VAT threshold raised to TRY2,000

Turkey cuts VAT on accommodation and cultural services to 1%

Turkey prolongs VAT rate cuts on COVID fears

Turkey allows VAT bad debt refunds

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