Turkey

Summary

Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.

Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.

Updates

07.18.23

VAT/G(S)ST rate information

VAT rate hikes from July 2023 The Turkish Revenue Administration has amended VAT rates with a presidential decision issued on July 7th. In accordance with presidential decision No. 7346, the standard VAT rate will increase from 18% to 20%, while the reduced VAT rate will increase from 8% to 10%. No changes will be made to the reduced VAT rate of 1%.  The VAT rate changes will become effective on July 10, 2023.

03.15.23

Country updates

Requirement for new QR code on invoices From 1 September 2023, it will be mandatory to include a QR code on e-Fatura invoices. This will be applicable for all B2B and B2G transactions, as well as B2C transactions and e-delivery notes.  In introducing such an obligation, Turkey follows the course of other countries such as Portugal, who also impose similar requirements.  

03.23.22

VAT/G(S)ST rate information

Reduced VAT rate for foodstuffs Further to rising inflation in the country, Turkey has reduced the VAT rate on basic food products from 8% to 1%.

06.03.21

VAT/G(S)ST rate information

Extension of temporary VAT rate reduction for overnight accommodation services

The VAT rate reduction from 8% to 1% for overnight accommodation services has been extended until 30 June 2021.

E-invoicing model:

Mandatory file format:

B2G requirements:

Archiving requirements:

E-signature:

Compliance is complicated