What should be the exchange rate when issuing invoices with foreign exchange? (In Turkey)
We issue invoices in foreign exchange to companies. If our taxpayer invoices on 05.09.2019, he/she takes into account the rate dated 04.09.2019. Does this transaction cause a problem in terms of tax legislation?
The rates announced by the Central Bank on 04/09/2019 at 15:30 will be taken into consideration for the foreign exchange rate to be applied on 05/09/2019. For the valuation, the buying rate of foreign exchange of Central Bank on 04.09.2019 is taken into consideration.
Source: İSMMMO
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