With the technological developments in recent years, organizations in the public or private sector carry their financial process controls to the electronic environment. Many sectors are entering the digitalization process by keeping up with technology day by day. This digitalization process is called electronic transformation (e-transformation) in short. The concept of e-transformation plays a critical role in the self-development of businesses. E-transformation which is a transition process enters some regulation processes. So, what are the e-transformation regulations in Turkey, let’s examine them together.
Table of Contents
The transition process, called electronic transformation (e-Transformation), digitalizes many processes of businesses and ensures that the workflow runs smoothly. In today’s competitive environment, making application processes easy and complete is not only an advantage for organizations but also a necessity. That is why, e-transformation which was necessary for large-scale organizations in previous years, is now necessary for businesses of all sizes. In this way, organizations enter a general transformation process and improve themselves.
The first step of e-Transformation is the implementation of digital business processes such as the widespread use of the internet or the use of online signatures. Then, by making them a habit, it can be proven that the digital world is safe. It is possible to adopt a sustainable policy with e-Transformation. In this way, necessary e-Transformation regulations can make and it can be determined what these regulations are in Turkey.
According to the latest report on e-Transformation in Turkey, it was stated that e-delivery notes and e-archive are mandatory for registered e-Invoice taxpayers. This rule came into effect in 2019 and it was stated that taxpayers whose gross sales revenue exceeded 5 million TL had to register for e-Archive Invoicing. In addition, all registered e-Invoice users are now obliged to use e-Delivery notes.
E-Invoice is an electronic document that is determined by the Revenue Administration and has the same characteristic and validity as the printed invoice. While reducing the cost of businesses, it also saves from complexities and saves time. According to the Tax Procedure Law No. 509 published by the Revenue Administration, companies with a gross sales revenue turnover exceeding 5 million TL for accounting periods in 2021 have become obliged to use e-invoices. Thus, it has been determined that these organizations are obliged to the e-Invoice system on July 1, 2022.
e-Archive ensures that the first copies of invoices are sent to all customers electronically and that these invoices are stored electronically. Thanks to e-Archive, businesses save money by getting rid of printing, sending, and archiving costs. In addition, it has been determined that the rule for e-Invoice is also valid for E-Archive.
The e-Delivery Note application ensures that the goods and services movements of the organizations are regularly monitored in the electronic environment. It provides the receiver to transmit the documents and to keep them in this environment. The mandatory start date for the e-Delivery Note application is July 1, 2020. It has been determined that taxpayers registered to the e-Invoice system and whose gross sales revenue is 25 million TL and above as of 2018, are required to switch to the E-Inventory Note application as of this date.
The e-Ledger service is a system that enables the accounting book accounts to be prepared electronically, stored, and sent to the Revenue Administration. By using the e-Ledger system, organizations do not deal with problems such as keeping documents for years, taking risks, or increasing costs.
With its e-Solutions, MDP Group supports the regulatory compliance processes of companies in Turkey. MDP Group's e-Solutions meet the legal e-transformation obligations in Turkey end-to-end. In addition, e-Solutions works 100% integrated with SAP, easing the workload of accounting teams.
SAP ABAP Consultant
What are the different types of EDI standards?
EDI data is interpreted by computers rather than humans. Therefore, as a result of EDI standards, it was created to help computers understand EDI...
What is the Role of an SAP EWM Consultant?
What is SAP EWM?First of all, we need to answer the question what is "SAP Extended Warehouse Management (EWM)?" SAP EWM, for short, can be...
SAP Signavio Process Manager – SAP Solution Manager Integration
New Business Process Connector for SAP Signavio SolutionsThe SAP Signavio solutions now feature an upgraded business process model connector,...
Guideline for e-Reconciliation in Turkey
What is Reconciliation?Reconciliation is mostly the communication established between accounting units in order to mutually confirm the debit and...
Generative AI in Warehousing
In today's rapidly evolving landscape of warehouse management, the integration of cutting-edge technologies is inevitable for staying...
What is SAP Extended Warehouse Management (SAP EWM)?
Today, organizations focus on delivering their services and products to their customers in a fast and high-quality manner to ensure customer...
What is SAP Signavio Process Governance?
The success of a company depends on the efficiency, effectiveness and harmony of business processes. For this reason, business processes form the...
What is Warehouse Management?
If you want to increase your sales and make your business more efficient, you'll need to optimize your logistics. Warehouses play a significant role...
Guideline for e-Archive in Turkey
What is the e-Archive? The invoice, which is the document of commercial transactions, has been included in the e-transformation process for a...
Your mail has been sent successfully. You will be contacted as soon as possible.
Your message could not be delivered! Please try again later.