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
Share on facebook
Share on twitter
Share on linkedin
Share on email

North America Sales & Use Tax
September 24, 2021
Massachusetts DOR to Impose New Filing Requirements on Taxpayers

The Commonwealth of Massachusetts is squarely in the midst of modernizing its sales tax filing and remittance requirements, and in so doing, creating new, novel and likely challenging requirements for taxpayers. The most recent incarnation of this modernization was announced in its September 2021 DOR News, which hints at new requirements for restaurants and ecommerce […]

North America ShipCompliant
September 22, 2021
Wine Retailer Interstate Shipping and the Courts: An Update

By Tom Wark, Executive Director, National Association of Wine Retailers The effort to open more states for interstate wine retailer-to-consumer shipments is multi-pronged. One prong—perhaps the most important—is the effort to overturn discriminatory state laws by using the federal courts to challenge state laws that violate the U.S. Constitution’s dormant commerce clause as well as the […]

EMEA VAT & Fiscal Reporting
September 22, 2021
EU E-Commerce VAT Package FAQs: Understanding OSS

The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS), bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU. Our recent webinar, Back to Basics: The EU E-Commerce VAT Package, discussed the basic principles of the three […]

EMEA IPT
September 22, 2021
Insurance Premium Tax Returns: Italian IPT Books

The proper supporting documentation of a tax return has always been required by the local tax offices. In this blog we will focus on the supporting documentation of Insurance Premium Tax (IPT) returns, especially the Italian requirements. Although the requirements for the preparation of IPT supporting documentation differs from country to country, the details of […]

North America VAT & Fiscal Reporting
September 21, 2021
Looking to Cut Tax Compliance Costs? Consider Tax Solutions Before Migrating to SAP S/4HANA

As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created in partnership with Americas’  SAP Users’ Group (ASUG), “Boost Tax Compliance Capabilities and Visibility with SAP S/4HANA”, we discuss the most optimal time in the SAP S/4HANA migration process to […]