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Turkey extends implementation of electronic invoices

  • VAT
  • 04 March 2014 | Richard Asquith

Turkey extends implementation of electronic invoices

The roll out deadline for Turkish electronic VAT invoices has been delayed until 1 April 2014 due to continuing teething problems.  Until this date, tax registered persons may continue to use paper-based invoices if they wish.

New electronic compliance regulations

The original edict (Tax Procedural Law Communiqué No.421) for the implementation of Turkey VAT e-invoices was issued last year with a target date of 31 December 2013.  This contained rules on VAT compliance and accounting relating to the new regime.  This includes:

  • Maintaining supporting accounting bookkeeping electronically from 2015 at the latest on approved software, or may seeking approval from the tax office for bespoke platforms.
  • Companies must apply secure digital signatures to their invoices
  • Companies may maintain electronic archives of invoices
  • Special electronic bookkeeping regime for the tobacco, oil, gas and LPG industries, conforming to standard government formats
  • Records to be maintained include: sales invoices, purchase invoices, inventories, production records as well as import/export details

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.