What do you know about electronic books? When the application ... - T24

Revenue Administration on November 26 published 67 Serial No. Tax Procedure Law Circulars and e-book about the important disclosures did, and so the e-book transition process on some vague spots are also lit was.

What is

Electronic book?

1 Rank No. Electronic Book General Communiqué e-book “manner irrespective of the provisions Tax Act and / or the Turkish Commercial Code, according to which must be kept in the books to take place including information electronically records the whole” is defined as.

Are you also have

in scope?

tax administration e-billing arrangements have been obliged to undergo mandatory to those who have kept the e-book case. Ie,

· Petroleum Market Law No. 5015 “under mineral oil license” with having goods in these areas from 2011 as of 12/31/2011, which has a minimum gross turnover of £ 25 million, with

· 4760 Special Consumption Tax Law attached (III) numbered in the list of goods that “cola sodas, tobacco products and alcoholic beverages” manufactured, constructed or importing from them in 2011 receiving the goods from the 31 / 12/2011 as of having a minimum gross turnover of £ 10 million,

also need to pass the e-book.

When

App Switching?

Tax Procedure Law, Circular No. 67 Series before the release of the e-book application, there were serious concerns about the transition process. In the former case, taxpayers in 2014 in the e-book last up-as he was-”paper book” will keep the e-book passing through their closing will register and for months this time, the e-book records would form. This process is very troublesome for taxpayers as well as cost meant that there will be a transition period.

Circular goes on this issue seems to have question marks. According to a circular from the taxpayers of electronic bookkeeping requirements;

· electronic book application in December 2014 applicants since 01/01/2015

· Electronic book before December 2014 on the application of the applicants to begin no later than December 2014,

· Special for the period before the date of 12.01.2014 the subject of the application to apply for electronic books and electronic book to hold in December 2014 at the latest to begin

Need

.

on the subject problematic and another important detail is the following; period or during the calendar year, e-book last they will construct an e-book in the period from the beginning of their current term until they perform all the old records in the place they have to give. This is a serious means workload and cost. But I’m here right now emphasize, Revenue Administration that solves these issues to the Prime Ministry sent a communiqué issued draft the information was shared with the public in the near future. The draft, published as shared if the e-book of old records again killing shortages will disappear.

Book an e-book format to keep

beginners, paper books anymore, I must stress that we should not hold in the environment.

What is the expected benefits from e-book?

e-book e-billing as a very important step for Turkey. These steps are especially important in the context of the informal economy would be able to foresee the effects. With e-books and e-billing;

· Archiving costs will be greatly reduced.

· Thanks to the digital archive all records retention and invoices will be always at hand and searchable documents will be found soon.

· Accounting procedures will be simplified.

· Taxpayers will be the standardization of data and reporting will be facilitated.

· International investors will facilitate tax compliance.

We can extend

list.

Summing up, the informal economy, reducing the recording and archiving of process standardization and international economic integration, especially in terms of e-books and e-billing can predict in advance that the largest effects.

Twitter: @ AKIN_EMRAH

E-mail: eakin@kpmg.co

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