North America

Turkey: e-Foreign Exchange Receipt Technical Guideline Published

Coskun Antal
October 20, 2021

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 the creation of the e-foreign exchange receipt and the schema.

Authorised institutions engaged in foreign exchange activities are obliged to issue “e-foreign exchange receipts” as of 1 January 1 2022.

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Author

Coskun Antal

Coşkun is Regulatory Specialist at Sovos, based in Istanbul. Coşkun monitors and interprets both the regulations and associated technical specifications issued by tax authorities. He has a Bachelor’s degree in Electrical Engineering from Istanbul Technical University.
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