It is mandatory for taxpayers in certain sectors and above certain revenue thresholds. Matching it with sales invoices, inventory records and delivery documents matters both for tax and for cut-off testing in audits.
Source: 509 Sıra No.lu VUK Genel Tebliği
Related terms
E-invoiceIssuing an invoice electronically, in line with the standards set by the Revenue Administration, and transmitting it to the buyer.Cut-off testingAn audit procedure that tests whether transactions near the period end are recorded in the correct accounting period.Inventories (TAS 2)Assets held for sale in the ordinary course of business, in the process of production, or as raw materials and supplies to be used in production.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Advance tax rulingA written explanation issued by the tax administration upon a taxpayer's written request about its own tax position or matters it considers unclear.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.
Last updated: October 31, 2026 · This definition is for general information only.