Electronic Record Keeping Requirements
The Turkish Revenue Administration (TRA) has introduced the Electronic Record Keeping Obligations by issuing the Tax Procedural Law General Communique no. 431 on 29 December 2013. As a result, since 1 January 2015 certain Turkish taxpayers (from petroleum and tobacco products market) are obliged to create and keep their records in one of the certain formats (xls, xlsx, txt, csv or xml). The application of the requirements relates to sales, purchase, inventory, import, export, production and other records. The Turkish Tax Authorities can request the files with the records in certain format in case of the audit.
Currently, the Turkish Tax Authorities are planning to apply the Record Keeping Obligation in relation to the taxpayers from alcoholic beverage and automotive sectors. Please find the links to the texts (only available in Turkish) with the draft of the planned changes in the General Communique no. 431 below:
http://www.gib.gov.tr/sites/default/files/fileadmin/mevzuatek/mevzuatbilginotu/VUKTeb_Taslak_abn.pdf
http://www.gib.gov.tr/sites/default/files/fileadmin/mevzuatek/VUKTeb_Taslak.pdf
It is also worth to mention that recently 10 companies from the petroleum sector were included in special pilot regime project implemented by the Turkish Tax Authorities. According to the project, the selected companies are obliged to share their records with the Tax Authorities on monthly basis in .xbrl format.
E-invoicing
In March 2010, Tax Procedural Law General Communiqué no. 397 was officially published and e-invoicing became available in Turkey. Later, with the publication of Communiqué no. 421, taxpayers with a gross sales revenue of 10 million TL and above for 2011 or onwards accounting period, taxpayers that import or sell petrol products, alcoholic beverages and tobacco products are mandated to comply with this application.
e-Invoicing application rules establish that the Turkish Revenue Administration is the mandatory hub, which means that the exchange of e-invoices can only be conducted between Turkish entities registered in the e-invoicing application and the secure circulation occurs exclusively through the Authorities system. Recently, it has been determined that companies registered in e-invoicing will be expected to start issuing e-invoices to all its exports of goods as of 1 July 2017. In this respect, export invoices will be generated electronically in accordance to specific standards and strict requirements and delivered to the Customs Authorities for the approval process.
Please find on the link below the original text with the implemented changes, which was published in the Official Gazette no. 29919 dated 15 December 2016:
http://www.resmigazete.gov.tr/eskiler/2016/12/20161215-4.htm
The procedures and principles for organizing and delivering the invoices as e-invoices and the methods of utilizing them are explained in detail in the “e-Invoice Application Customs Procedures Guide” published at:
http://www.efatura.gov.tr/anasayfa.html
If you have any questions, please contact Cenk Ulu, Partner PwC Istanbul on cenk.ulu@tr.pwc.com.
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