We Have Launched E-Invoicing In Türkiye
We are thrilled to announce Fonoa's latest e-invoicing launch in Turkey!
The new solution is designed to help businesses comply with Turkey's e-invoicing regulations and streamline their invoicing processes.
Fonoa's e-invoicing solution in Turkey offers a range of features that remove complexities from taxpayers, such as automatic definition of the correct document to issue, automatic invoice numbering and tracking based on the issued document type, definition of the correct aliases of the recipients and e-archiving of reported e-Faturas and e-Arsivs.
With Fonoa's e-invoicing solution, businesses in Turkey can save time and reduce the risk of errors in their invoicing processes. We are committed to helping businesses comply with local regulations and improve their operations.
Turkey introduced e-invoicing as early as in 2012 and quickly after a year e-invoicing became mandatory for some businesses in 2013. Taxpayers must issue invoices in a structured UBL 2.1 format and they can issue two types of e-invoices: E-Fatura and E-Arsiv invoices. E-Fatura is used for B2B transactions when the buyer is registered in the E-Fatura system. While E-Arsiv is used when the buyer is not registered in the E-Fatura system, which is common in B2C transactions.
To comply with the requirements, taxpayers have to determine the type of invoice that they should issue. There are two types of E-Fatura: Commercial and Basic. Commercial E-Fatura allows recipients to accept/reject invoices, while Basic E-Fatura does not. Determining the type of invoice is important because E-Fatura invoices require TRA approval and are digitally signed before being delivered to buyers. However, E-Arsiv invoices are delivered to buyers first and then reported to the TRA. Also, invoice numbering rules should be followed according to the mandate, which involves sequencing each type of invoice separately.
Businesses must register for E-Fatura if their annual revenue exceeds a certain threshold (TRY 3 million in 2022) or if they operate in specific sectors. All e-Fatura users must also register for e-Arsiv. E-Arsiv registration criteria is based on sectors, and invoice amounts issued exceeding TRY 5,000 to taxable entities and TRY 2,000 to non-taxable entities.
To prepare for e-invoicing, taxpayers must obtain digital signature certificates to register in the E-Fatura and/or E-Arsiv systems, then use this certificate to apply for registration and start issuing electronic invoices. If the taxpayer uses a local partner, they must authorize the partner. Once registered with the RD, taxpayers can submit documents manually, through direct API integration, or certified third-party service providers (private integrators).
Moreover, E-invoices must be stored for ten years for fiscal evidence. Original documents must be stored in Turkey, but copies can be kept abroad under certain conditions.
How can Fonoa help?
Our e-invoicing solution offers a tailored and comprehensive answer for businesses in Turkey. We can help you understand the requirements and we go the extra mile to tackle the specific complexities of e-invoicing in the Turkish landscape. Our expertise lies in streamlining the process through automation, including tasks like registration checks, invoice numbering, and precise alias allocation. Furthermore, we prioritize local compliance, ensuring secure e-invoice storage within Turkey.