As of November 30, 2024, the cash payment and collection limit of 7,000 TL has been increased to 30,000 TL.
If the invoice amount is over 30 thousand TL, cash collection cannot be made even if the installment amounts are below 30 thousand TL.
The relevant section of the Tax Procedure Law Communiqué No. 459 regarding the legal regulation is given below.
Section 4.1.2. Collections and Payments Made Section by Section
If the transaction amount subject to collection and payment exceeds the limit determined in section (4.1.) of this Communiqué within the scope of the documentation requirement, the total amount of the transaction will be taken into account in the payment of the amount in parts on different dates and each collection and payment will be made through intermediary financial institutions within the scope of the documentation requirement.
“Example: Taxpayer (T), who practices the profession of lawyer, will receive 160,000 TL in return for legal consultancy services to be provided to (K) Inc. for one year. According to the agreement between them, (K) A.Ş. will pay the service fee in installments of 15,000 TL. In this case, the preparation of the freelance receipt for 15,000 TL on the dates when the installments are paid will not eliminate the requirement of documentation, and since the total amount of the contract exceeds the specified limit, each collection and payment made in parts will be documented through intermediary financial institutions.
In case of non-compliance with the requirement of documentation in the collection and payments in question, separate penalties will be imposed on freelancers (T) and (K) A.Ş
Source: https://www.mevzuat.gov.tr/File/GeneratePdf?mevzuatNo=21303&mevzuatTur=Teblig&mevzuatTertip=5
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