Purchase & Sale Abstract in Turkey
1- Taxpayers within the scope of liabilities
Taxpayer who keep account book according to the balance sheet
2- Purchase& sale rate in the declaration
Each and every purchase& sale above 5.000 Lira
3- Declaration Period Time
Since the first day of the following day until the last day up at 23.59
4- Purchases & Sales
Documentation will be declared in accordance with the dates.
5- İmport& Export Transactions
In imports, custom declaration entrance day will be taken into account, while in exports the day actual export carried out will be taken into account.
6- İmposing Penalty in the case of declaration is not given on the date or given as paper sheet
According to the Tax Procedure Law repeating 355, irregularity fine is imposed. In the case of imposing penalty, purchase & sale forms considered to be one form.
7- İmposing Penalty on issuing declarations
Penalty will not be imposed within the period of issuing declaration.
Tax Procedure Law repeating 355 is imposed on each and every form in the declarations issued after the expiration day.
First 10 days after the expiration day, without penalty
First 15 days in the following day, on the 1/5 rate
if it is given afterwards, special irregularity penalty exposed.
Source: İsmmmo
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