Turkey’s Transition Conditions for E-ledger

Tamer Taşdelen
May 28, 2020

On October 19, 2019, the Turkish Revenue Administration (TRA) published a communique making the e-ledger application mandatory for e-invoice users, companies subject to an independent audit, and companies identified by the Presidency to have poor tax compliance. 

The e-ledger application enables businesses to create the legally mandated general journals and ledgers and submit e-ledger summary reports (berats) to the administration, digitally. It reduces the costs of archiving books and saves time since this application replaces practices such as notarization. This increases voluntary transitions.

To be able to use the e-ledger application, companies must first complete a set of preliminary preparations set by the TRA:

  • Real person taxpayers must have obtained a qualified electronic certificate issued by Electronic Signature Law or a financial seal pursuant to the communique. (General Communique no 397 of Tax Procedure Law)
  • Legal person taxpayers must have obtained a financial seal pursuant to the communique
  • Selected e-ledger software must be approved for compatibility.

The aim of e-ledger

E-ledger can be defined as an application designed to guarantee data accuracy and resources by ensuring that all journal data is created and signed electronically. The mandate also aims to reduce the loss or damage of stored data resulting in more efficient audits.

The e-ledger application offers:

  • More reliable, digital environments to archive ledgers
  • Shorter time to access accurate information during an audit
  • Reduced costs and loss of time caused by notarization processes
  • Increased compliance with taxation processes.

This aspect of the e-ledger application constitutes a legal basis for the economy and instills confidence in companies.

Take Action

Sovos has more than a decade of experience keeping clients up to date with e-invoicing mandates all over the world.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Tamer Taşdelen

Tamer, 6 years of expertise in SAP, total 8 years of experience in software, has received a Bachelor’s Degree in Instructional Technologies and holds a MIS Master’s degree. Tamer has gained expertise in application development, project management, integration and system architecture. He uses his expertise in Sovos to guide its business partners and customers in technical and legal terms, to optimize business processes, to support Urge – marketing and customer compliance. Tamer also supports e-transformation in every platform as a speaker in Webinars and events.
Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

EMEA IPT
August 12, 2020
Can IPT Drive Behavioural Change in the Population?

Unprecedented times. It’s a phrase that’s been used so much of late but the pandemic is certainly not the first incident that has adversely affected society on a global scale. Before coronavirus, there had been a strong focus on environmental issues and initiatives. With an increase in extreme weather incidents over the last decade, governments […]

E-Invoicing Compliance EMEA
August 12, 2020
Portugal: Details on the QR Code and UUID Expected

In February last year, the Portuguese government published the Law Decree 28/2019 rolling out changes affecting e-invoices. The goal of the Law Decree is to simplify and consolidate pieces of law that are scattered around the Portuguese legal framework. However, the effectiveness of many of those rules is still dependent on further regulation, such as […]

ShipCompliant
August 11, 2020
10 Steps to Expand Your Winery

Looking to enter a new market or bring new wines to the marketplace? Growing any business can be complicated, and the beverage alcohol industry is no exception. Not knowing how or where to begin can be the biggest hurdle. From market research and branding to strategic considerations and compliance, this 10-step guide will get you […]

ShipCompliant
August 10, 2020
Ask Alex: Your Bev Alc Compliance Questions Answered (August 2020)

Do you have questions about the rules, regulations, and compliance requirements of the beverage alcohol industry? This series, Ask Alex, is a perfect opportunity to get those pressing questions answered straight from one of the industry’s regulation and market experts, Alex Koral, Senior Regulation Counsel, Sovos ShipCompliant.  To take advantage of this opportunity and get […]

Tax Compliance
August 7, 2020
GAO Urges IRS to Overhaul 1099 Reporting for the Gig

A couple of weeks ago, the Government Accountability Office (GAO) released a report to the Senate Finance Committee describing the issues the IRS faces in enforcing income tax compliance for gig economy workers. The report highlighted long-standing issues the government has been grappling with in receiving tax information necessary to enforce compliance along with specific […]