The Turkish Ministry of Treasury and Finance, alongside the Ministry of Trade, has issued a revised General Communiqué on Electronic Ledger (No. 5) on 8 November 2024, updating the previous regulations to enhance tax compliance.
The new rules, set to take effect on 1 January 2025, expand the mandatory use of electronic ledgers to all first-class tradesman taxpayers, including those who voluntarily opt for this reporting method.
In addition, the communiqué revises the deadlines for submitting electronic ledgers. Individual income taxpayers who choose monthly submissions must file their data by the 10th day of the fourth month following the reporting period. Those opting for quarterly submissions must upload their files by the 10th day after the end of the quarter. Corporate taxpayers and other tax entities are required to complete their submissions by the 14th day of the relevant month.
The new regulations also impose stricter compliance measures Tax software companies. Tax software companies that do not comply with electronic ledger regulations will face penalties under the Tax Procedure Law. They will be given a period to fix any issues. If the problems are not resolved, or if the same issues are found repeatedly within the same year, their software certification may be revoked. Once revoked, companies must wait one year before they can reapply for certification.
