e-Invoice is the general name of practices that ensure invoice transactions be carried out over a centralized an electronic platform designed fully compliant with R.T Ministry of Finance, Revenue Administration. Companies that use e-Invoice decrease their costs by healthy and secure circulation of invoices among parties in digital environment and are able to make savings significantly.
Tax Payers in scope of e-Invoice
As per the General Communiqué no 421 of the Tax Procedures Law, sectors that are obliged to start using e-Invoice as of January 1, 2014 are as follows:
๑ Companies that hold a license for mineral oil within the framework of Petroleum Market Law dated 04.12.2003 numbered 5015; and among taxpayers who purchase goods from these companies in the calendar year 2011, those taxpayers who have minimum 25 million TL gross sales turnover as of 31.12.2011,
๑ Companies that manufacture, produce or import goods included in the list no III annexed to the Special Consumption Law dated 06.06.2002 no 4760; and among taxpayers who purchase goods from these companies in the calendar year 2011, those taxpayers who have minimum 10 million TL gross sales turnover as of 31.12.2011.
How is it used?
e-Invoice is a system designed for healthy and secure circulation of invoices among parties in digital environment.
Users in the system can,
๑ Send invoices to users registered in the system,
๑ Receive invoices from users registered in the system,
๑ Archive sent or received invoices and submit them when necessary.
๑ Protects the environment by preventing extensive paper usage.
๑ Decreases costs with invoice prepared in seconds.
๑ Eliminated physical archive area and costs.
๑ Eliminates printing invoices, sending them and courier processes.
๑ Invoice information are kept safely.
๑ Ensures that invoices among buyers and sellers are checked and instant errors can be solved fast.
๑ Invoice receipt and sending processes are automatic.