Heavy penalties on the way for those who fail to issue invoices! Invoice violations could reach up to 100 thousand liras!
New regulations regarding penalties to be imposed in cases where invoices and similar documents are not issued for commercial transactions have come into effect. With the communiqué from the Ministry of Treasury and Finance, a penalty of 10 thousand liras will be applied for the first detection of failure to issue an invoice, and up to 100 thousand liras for the sixth detection. If the buyer reports to the tax office that an invoice was not issued, no penalty will be imposed on them, but those who fail to issue the document will receive increased penalties.
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The "General Communiqué on the Tax Procedure Law" prepared by the Ministry of Treasury and Finance has been published in the Official Gazette and has entered into force.
Accordingly, if documents such as receipts, invoices, and self-employment receipts specified in the Tax Procedure Law are not provided or received more than once within 1 calendar year, an increased tax penalty will be applied to both the buyer and the seller for each detection.
For example, while the minimum penalty amount for failing to issue an invoice is 10 thousand liras for the first detection, it will rise to 20 thousand liras for the second, 30 thousand liras for the third, 40 thousand liras for the fourth, 50 thousand liras for the fifth, and up to 100 thousand liras for the sixth and subsequent detections.
In cases where those with the obligation to issue documents fail to fulfill these obligations, and the buyer reports this situation to the tax office within 5 business days at the latest before it comes to the attention of the tax office, no penalty will be imposed on the buyer.
Accordingly, in cases where documents such as receipts, invoices, or self-employment receipts are not issued, if the persons obligated to receive the document report to the tax office on their own initiative within 5 business days that the document was not issued to them, no penal sanction will be applied to these individuals. Those who do not issue the document will face a special irregularity penalty 3 times higher.
Furthermore, if the seller provides the buyer with a document other than those listed in the Tax Procedure Law and the buyer reports this situation to the tax office on their own initiative within 5 business days, no penalty will be imposed on the buyer, but a 6-fold increased penalty will be imposed on the seller.
The regulation also included explanations and examples regarding the application of a 50 percent increased tax loss penalty for individuals operating informally.
In this context, penalties to be imposed on those operating without establishing a tax registration without the knowledge of the tax office will be applied with a 50 percent increase. After the tax registration is established, penalties will also be applied with an increase if a new assessment is made later for periods prior to the date of registration.
On the other hand, in cases where notifications regarding advertising, announcements, sales, and rental information in the digital environment are not made, or are made incompletely or misleadingly, a separate penalty will be applied for each piece of information.