Turkey Implements New Digital Payment Rules to Combat Grey Economy

• Turkey is introducing new digital payment rules for business-to-consumer transactions
• The aim is to reduce the size of the grey economy
• Cash transactions will be limited, with credit or debit card payments required for purchases of TRY7,000 or more
• Penalties will apply to consumers who do not comply with the new rules

Source: gib.gov.tr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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