Table of Contents
E-Invoice is not a new type of invoice, it is a different format of the same document. It has similar legal capabilities as a paper receipt. Revenue Administration aimed to create a safe and trusted environment between the seller and the buyer that is cost and also time saving with a single format and standard by the e-Invoice application. Currently, most of the companies are expected to use e-Invoice. In July 2021, some new regulations were declared.
The Turkish Revenue Administration (TRA) has issued a communique in 2021, which details new tax duties. These obligations have a direct impact on how public and private companies use electronic invoices.
Since 2014, electronic invoices have been made obligatory in the Turkish B2B sector. The usage of electronic invoices has now become mandatory in the public sector as well.
In B2G environment, all public institutions have been required to accept electronic invoices since March 2021. Providers with a turnover more than 5 million TL enrolled to the TRA, can now distinguish their e-solicitations by demonstrating KAMU. These suppliers can send invoices to public firms by the inclusion of the word KAMU.
New tax responsibilities as of July 2021 declares that all public and personal establishments which have a settlement with the SGK public healthcare system ought to claim e-Fatura (e-Invoice) and e-Arşiv (e-Archive) invoices to the TRA.
Presently all organizations withinside the B2B environment with an invoice volume that surpasses five million Turkish Liras should form e-Invoices.
In B2B environment, new tax responsibilities as of July 2021 declares that all organizations without the commitment to enlist in the TRA should proclaim all invoices with a worth of 5000 TL or with a daily invoice volume over 30 000 TL per day utilizing the e-Archive format.
The revelation of e-Adisyon (e-Addition) electronic tickets became compulsory. Organizations in the service sector (mostly restaurants and cafes) that issue paper tickets should now announce them in the e-Adisyon electronic format. The TRA will distribute a rundown of influenced organizations that should conform to the new guideline inside 90 days of its publication.
The electronic invoicing framework in Turkey has two unique sorts of invoices. The principal type is the e-Invoice, it is the electronic receipt used for B2B exchanges between associations enrolled in the TRA. The e-Fatura (e-Invoice) is the electronic invoice in Turkey. The TRA expects all organizations with a yearly invoice measure of 5 million TL or more to issue and declare the e-Invoice.
The subsequent kind is the e-Arşiv (e-Archive), the electronic receipt utilized for B2B and B2C transactions with organizations not enrolled in the TRA. At present, all Turkish organizations with a yearly invoice volume of 5 million Turkish Liras or more should issue the e-Invoice and e-Archive relying upon the invoice recipient’s enlistment status. It is required to safely archive electronic invoices for 10 years. The protected archiving solution should ensure the uprightness of the records for the whole storing time frame through the digital signature of the filed archives as indicated by the national standard.
The process of electronic invoice in Turkey started in 2010 with the endorsement of the Tax Procedure Law (VUK) which gave the electronic invoice legitimate comparability to paper invoices. In 2014 the mass adoption of the electronic invoice started, and from that point forward groups of organizations have been compelled to give all invoices electronically, contingent upon their yearly turnover and business area. Presently the mass adoption of the electronic invoice is being upheld in the public area.
SAP e-Invoice solution is an application where issuing and sending e-Invoices are made as easy as possible. To simplify the process, entering the RA (Revenue Administration) e-Document Issuance Portal is not needed, they can directly be done through SAP systems. Easily tracking e-Invoices is also provided in SAP e-Invoice solution of MDP. The solution is 100% integrated with SAP, meets all legal requirements, reduces the cost of physical archiving and it is environment friendly.
e-Solutions ABAP Team Lead
How To Become an SAP ABAP Consultant?
Businesses today have complex business processes. Businesses are investing in technology to simplify these business processes and make them more...
Comparison of SAP Integration Suite Service Plans
SAP Integration Suite is an integration platform that offers comprehensive functions for businesses to quickly and securely integrate their existing...
AI-Enhanced Knowledge Management System
In today’s era of digitalization, businesses generate and store vast amounts of data. This data is critical for informed decision-making and...
8 Tips for Succesful Vendor Management
Vendor management is the management process that includes all vendor-related activities. Most companies believe vendor management is about finding...
What is IT Asset Management (ITAM)?
Suppose you have two houses that have 1+1 rooms and 5+3 rooms. Which house is more difficult to manage? The small house can be managed more...
What is Wave Management?
Wave Management in SAP EWMIn the SAP Extended Warehouse Management (EWM) system, a collection task is released for each sent delivery. In some...
Main Features of SAP Extended Warehouse Management
If you're a warehouse manager or supply chain professional, you know that managing a warehouse can be a complex and time-consuming task. From...
5 Steps to Continuous Improvement
Continuous improvement is the most basic key to success in corporate life. Implementing new strategies, making improvements in existing processes,...
What is SAP Cloud Integration?
Today, the use of cloud-based services is used quite naturally in parallel with established on-premises systems. Due to security, cost and management...
Your mail has been sent successfully. You will be contacted as soon as possible.
Your message could not be delivered! Please try again later.