Turkey: The Significance of Effective E-transformation for Enterprises

Ali Bulut
May 9, 2021

Digitization has become more prevalent, especially because of COVID-19.

Companies looking to improve efficiency via digital transformation are taking advantage of the benefits tax technologies can provide their business processes.

Although they’re not within Turkey’s e-invoicing mandate scope, companies have been using e-document applications as part of their operational processes to save time, costs and resources.

The need for e-transformation

E-transformation is not a new concept for Turkey. The e-transformation journey continues and is constantly evolving, with new regulations issued by the Turkish Revenue Administration (TRA) regularly introduced.

The growth in new types of e-documents, businesses and industries that are included in the future scope of the mandate, the faster e-transformation will spread.

E-transformation was originally introduced to close the tax gap and increase tax controls and audits. Apart from the advantages it provides tax authorities, e-transformation also provides a significant benefit to companies: increased efficiency.

Efficiency and e-transformation for companies

Improving efficiency is one of the primary objectives for companies of all sizes. Companies are taking advantage of emerging technologies such as artificial intelligence and robotics to digitize processes and increase profits.

Due to its direct impact on company performance, many companies are choosing to voluntarily transition to e-transformation to take advantage of its many benefits. Companies that want to get ahead of their competitors, make a difference and enhance their performance have immediately turned to e-transformation to achieve their objectives.

We discussed these benefits in our recent blog post, Turkey: How Tax Technology is Improving Company Efficiency.

The future of e-transformation

E-transformation applications are predicted to become more prevalent in the future. The scope of e-documents will expand as tax authorities announce new regulations that include more applications and taxpayers.

Companies that have yet to encounter e-transformation will increasingly demand it to increase the time, cost, and workforce efficiencies of their business processes.

Take Action

Download Navigating Turkey’s Evolving Tax Landscape to find out more about the e-transformation requirements for companies operating in Turkey or contact us.

Sign up for Email Updates

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

Author

Ali Bulut

Ali is a Sales Director at Sovos Turkey. Based in Istanbul and originally from Turkey, Ali’s background is in software development and project management mostly related to salesforce applications. Ali graduated from the physics department in science faculty at Istanbul University. Ali has been working on tax regulations since 2013.
Share This Post
Share on facebook
Share on twitter
Share on linkedin
Share on email

North America Unclaimed Property
June 23, 2021
Florida Contractor Assisted Self-Audit Program (CASA)

Put your Delaware Voluntary Disclosure Agreement (DE VDA) to Work with Florida CASA The Florida Department of Financial Services recently announced its participation in the Faegre Drinker, Biddle & Reath LLP (FDBR) Contractor Assisted Self-Audit Program (CASA) that seeks to increase the utilization of the work efforts organizations invest in the Delaware Voluntary Disclosure Agreement […]

North America ShipCompliant
June 22, 2021
How to Label Direct-to-Consumer (DtC)-Shipped Alcohol Boxes

When it comes to direct-to-consumer (DtC)-shipped alcohol boxes, there are requirements from all destination states to label all such boxes to announce that they contain alcohol and must be signed for by someone 21+. This has been the case for DtC wine shipments, and is also true for DtC beer shipments and DtC spirit shipments.  […]

North America ShipCompliant
June 21, 2021
The Data: Wine DtC Shipments and Off-Premise Retail (May 2021 Special Report)

Wine direct-to-consumer (DtC) shipments continue to shift as the marketplace works to regain stability after a difficult economic year. Staying mindful of marketplace data will ensure the industry can properly adjust to any ebbs and flows, helping wine producers, retailers and consumers alike.  Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide […]

EMEA Tax Compliance VAT & Fiscal Reporting
June 20, 2021
Post-Brexit VAT Compliance: Your Questions Answered

Six months after Brexit there’s still plenty of confusion. Our VAT Managed Services and Consultancy teams continue to get lots of questions. So here are answers to some of the more common VAT compliance concerns post-Brexit. How does postponed VAT accounting work? Since Brexit, the UK has changed the way import VAT is accounted for. […]

North America ShipCompliant
June 18, 2021
How to Streamline Your Wine Shipping With UPS and FedEx

Wineries that use FedEx or UPS to print shipping labels for beverage alcohol packages can integrate with ShipCompliant to streamline the fulfillment process. This means: No more typing addresses to print labels One click can pull all shipment information from ShipCompliant into FedEx or UPS –  your labels are ready to print Tracking numbers sync […]