VATupdate

Share this post on

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.

Sponsors:

VAT news

Advertisements:

  • VAT news