Open menu
22October2024

Debit and Credit Card Obligation for Payments Exceeding 7,000 TRY for Non-Taxpayers

Debit and Credit Card Obligation for Payments Exceeding 7,000 TRY for Non-Taxpayers

According to the regulation made with the General Communiqué on Tax Procedure Law (Serial No: 572) published in the Official Gazette dated October 18, 2024 and numbered 32696, it is obligatory for non-taxpayers to make all kinds of collections and payments exceeding 7,000 TRY through financial institutions and to certify these collections and payments with documents issued by such institutions.

Non-taxpayers are defined as those other than first and second class merchants, self-employed, merchants whose earnings are determined in simple procedure, Farmers who keep accounting books , tax-exempt merchants who are obliged to receive invoices within the scope of the first paragraph of Article 232 of the Tax Procedure Law.

Collections and Payments that are not within the scope of the obligation to certify even if the transaction amount exceeds 7,000 TRY are determined as follows;

  • Transactions between non-taxpayers among themselves,
  • Transactions of non-taxpayers with foreigners and/or real persons who are not residents of Türkiye,
  • Payments related to certain transactions such as transactions performed at land registry offices and transactions performed at notaries public,

The relevant Communiqué enters into force on the date of its publication.

You can access the related circular here (In Turkish).

Should you have any queries or need further details, please contact your customer representative.

Author Selma Kıy, Category Taxation Law

  • Notification!

    The content in this article is for general information purposes only and belongs to CottGroup® member companies. This content does not constitute legal, financial, or technical advice and cannot be quoted without proper attribution.

    CottGroup® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

    The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

    To reach CottGroup® member companies, click here.

About The Author

Selma Kıy

Certified Public Accountant - SMMM
/tr/mevzuat/item/vergi-mukellefi-olmayanlar-icin-7000-tl-yi-asan-odemelerde-banka-ve-kredi-karti-zorunlulugu

Other Legislation

Lets start
Get a quote for your service requirements.

Would you like to know more
about our services?