Revenue Administration Updates Publice-Invoice Technical Guide The Public e-Invoice Technical Guide has been updated with an announcement published on 11/10/2024 by the Revenue Administration on the website ebelge.gib.gov.tr.
Turkey Tax Procedure Law Communiqué 563:Inflation Adjustment Exemption The General Communiqué on the Tax Procedure Law (No. 563), prepared by the Revenue Administration, contains an important regulation. The communiqué will apply to the second and third provisional tax periods of 2024. The regulation exempts taxpayers with total gross sales below 50,000,000 TL in their income
Turkey Financial Sector InflationAccounting Transition 2025 Financial Sector Gears Up for Inflation Accounting Transition The Banking Regulation and Supervision Agency (BDDK) has announced that, effective January 1, 2025, banks and financial institutions will transition to inflation accounting. This change will specifically impact financial leasing, factoring, finance, savings finance, and asset management companies. Under the new regulations, adjustments
New Generation Payment Recording Devices FinancialReport Notification Technical Guide Released On 20/06/2024, the Revenue Administration published the New Generation Payment Recording Devices (YN ÖKC) Financial Report Notification Technical Guide 1.0 at ynokc.gib.gov.tr. This guide provides detailed information on the format, content, XML schema structure, notification procedure to RA Technology, and notification timeline for both Old Generation Payment
Turkey e-Archive Technical Guide Update:Mandatory Fields July 2024 The Revenue Administration updated the e-Archive Technical Guide with the announcement published on ebelge.gib.gov.tr on May 22, 2024. In this context; Updates will be commissioned as of 01.07.2024.
Turkey Tax Procedural Law Inflation AdjustmentCommuniqué Published Tax Procedural Law General Communiqué on inflation adjustment was published in the Official Gazette. In the Tax Procedural Law General Communiqué on inflation adjustment published in the Official Gazette dated 30.12.2023 and numbered 32415, additional explanations on unallowable expenses and exemptions for 2024 and the following periods were
Sweden Peppol BIS Billing 3 e-Invoicing Mandate Effective March 2025 Starting March 1, 2025, the Swedish Customs Authority (Tullverket) will fully transition to the Peppol BIS Billing 3 format for invoicing customs duties, taxes, and fees. This will replace existing invoicing formats, including EDI. Customers must connect to the Peppol Network and register their Peppol
Slovakia Drafts Reform Program to IntegrateEU-Driven e-Invoicing System In April, the Slovakian Ministry of Finance released a draft of the National Reform Program (NPR), which details several upcoming reforms. Among these, the adoption of the eFaktúra e-invoicing system is a significant focus. This move aligns with the European Union’s “VAT in the Digital Age” (ViDA)
ZATCA Announces Major VAT Regulation Amendments! A Historic Move by ZATCA: VAT Regulations Completely Overhauled On April 18, 2025, Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) published Board Resolution No. 01-06-24 in the Official Gazette, unveiling sweeping changes to the VAT Implementing Regulations. This marks the most extensive revision since the regulations were first
Saudi Arabia: 20th Wave of Taxpayers in Scope ofPhase 2 of E-Invoicing Announced The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 20th wave of Phase 2 of the e-invoicing initiative. The 20th wave includes taxpayers whose revenues subject to VAT exceeded SAR 1.5 million (approximately USD 399K) during 2022 or 2023. Taxpayers within
