Digitisation of invoices: obligation or opportunity?
The Turkish Revenue Administration (TRA) introduced e-invoicing in 2013 to provide a secure, time-saving and cost-effective system between the seller and buyer. For a successful e-invoicing process, a single data format and standard were considered by the TRA. Businesses operating in Turkey must implement e-transformation solutions to comply with the new regulations coming on 1 July 2020.
Are you ready to send invoices digitally?
According to the General Communique on the Tax Procedure Law (Communique), from July 2020, e-invoice will be mandatory for taxpayers with a gross sales revenue of TRY 5 million or above in 2018 or subsequent fiscal years.