Amendments have been made in General Communiqué of Tax Procedural Law (TPL) No. 396 regulating notifications of BA-BS Forms, with General Communiqué of TPL No. 543 which was published in the Official Gazette No. 32032 on December 3, 2022.

• Form BA and Form BS declarations of taxpayers who have the obligation to notify but whose total purchase and/or sales are below the limit of 5,000.00 TRY EXCLUDING VAT, or who have documents issued as electronic documents, shall not be submitted blank in the relevant periods.
• All documents issued electronically and in paper form will be evaluated together in determining the limit of 5,000.00 TRY excluding VAT for the amount of goods or services purchased from a person or institution and sales of goods or services to a person or institution. In case of the legal limit is exceeded, only documents issued in paper form will be included to notifications.

The Revenue Administration has announced the details with regards to the cash meal allowance exemption with the Income Tax Communique No: 322. (In Turkish)

1- What are the conditions for this exemption?

To be able to benefit from the exemption, this allowance;

• Should not exceed 51.00 TRY per day,
• Should relate to the actual working days.

According to the Presidential Decree No. 6434, published in the Official Gazette No. 32029 on November 30, 2022; it has been decided to put into effect the Decision on the Determination of the Companies Subject to Independent Audit, as per the Article 397 of the Turkish Commercial Code No. 6102 (In Turkish).

Within the scope of the Turkish Commercial Code no. 6102, companies determined based on the Presidential Decree are included to the scope of independent audit which is carried out to ensure that the investment environments to be transparent and reliable, that the partners and third parties take sound decisions about the companies, and that allows the financial statements of the companies to be prepared in detail in accordance with the current financial reporting framework.

The Revenue Administration has announced the details with regards to the electricity, natural gas and heating allowance exemption with the Income Tax Communique no:322.

1. What are the conditions for this exemption?

These allowances;

• should be made between 09.11.2022 and 30.06.2023 (including this date),
• should be done for electricity, natural gas and other heating expenses,
• should not exceed 1,000 TL per month,
• should be made in addition to the existing wages.