Regulatory Analysis

Posted July 14, 2023 by Bradley Feimer
Türkiye Increases VAT Rates Effective July 10, 2023

7/7/2023 Pursuant to Presidential Decree No. 7346, published in the Official Gazette on July 7, 2023, the standard VAT rate in Türkiye will increase from 18% to 20% and the reduced VAT rate on certain products will increase from 8% to 10% effective July 10, 2023. The Official Gazette may be found here (in Turkish).

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Posted November 1, 2022 by Enis Gencer
Turkey: TRA publishes a new version of E-Fatura package

The Turkish Revenue Authority updated the e-Fatura package in line with the amendments made to Value Added Tax General Application Communique. According to the changes, the withholding tax rate for the delivery of iron and steel products has been revised to 5/10 from 4/10. Updated package is available here: https://ebelge.gib.gov.tr/dosyalar/kilavuzlar/e-FaturaPaketi.zip

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Posted January 25, 2022 by Enis Gencer
Turkey Expands Scope of E-Documents

Towards the end of last year, the tax authority in Turkey published a draft communique that expands the scope of e-documents in Turkey. After minor revisions, the draft communique was enacted and published in the Official Gazette on 22 January 2022. With the communique, the current gross sales revenue threshold for mandatory e-fatura and e-delivery […]

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Posted December 16, 2021 by Enis Gencer
Turkey: The Turkish Revenue Authority (TRA) published two announcements

TRA published an announcement which provides updates on the UBL-TR Guide and E-Fatura package on 25 November 2021. According to the announcement; A new code (337) was added to the complete list of exemption codes in the UBL-TR guide. A code (650) was removed from the list of codes (page 13) in the UBL-TR guide. […]

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Posted November 29, 2021 by Enis Gencer
Turkey Expands Scope of E-Documents

The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed to unify all e-document regulations when it was published in October 2019. With the Draft Communique, the TRA will lower the current gross sales revenue threshold for mandatory e-fatura and […]

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Posted October 20, 2021 by Coskun Antal
Turkey: e-Foreign Exchange Receipt Technical Guideline Published

The Turkish Revenue Administration (TRA) published a technical guideline about the e-foreign exchange receipt. The e-Foreign exchange receipt is the electronic version of foreign exchange receipt which is issued in foreign exchange purchases and sales in paper form, and has the same legal characteristics as its paper form. The guideline explains the technical details about […]

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Posted June 17, 2021 by Selin Adler Ring
Turkey: New Requirement to Notify the TRA about Objection Requests

The Turkish Revenue Administration (TRA) has published updated guidelines on the cancellation and objection of e-fatura and e-arsiv invoices. Two different guidelines are updated: the guidelines on the notification of cancellation and objection of e-fatura, and the guidelines on the notification of cancellation and objection of e-arsiv. The updated guidelines aim to inform taxable persons […]

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