24.10.2024/59
Collections and Payments of Non-Taxpayers exceeding TRY 7,000 must also be made through Financial Institutions
With the General Communiqué No. 572 on Tax Procedure Law published in the Official Gazette dated 18.10.2024 and numbered 32696, it has been made obligatory for non-taxpayers to make their collections and payments exceeding TRY 7,000 through financial institutions.
Within the scope of this obligation, it has been stated that non-taxpayers will also make their collections and payments exceeding TRY 7,000 through intermediary financial institutions for the purchases to be made from those who are within the scope of the obligation to certify, otherwise a penalty will be imposed on both the non-taxpayer and the seller who is within the scope of certification, and it has been stated that the obligation to certify will not be sought for the transactions between non-taxpayers.
According to the Communiqué, a person who does not have a bank account or credit card must make a direct payment to the account of the collector through a bank in order to comply with the obligation of certification. When the cash payment is made directly to the seller, even if the seller subsequently deposits this payment into its own bank account, this will not fulfill the requirement of the certification requirement and a penalty will be imposed on both parties.
Those who do not comply with the obligation will be imposed a special irregularity fine of 10% of the transaction amount, not less than TRY 5.000 per transaction.
This Communiqué will enter into force on the date of publication.
The Communiqué includes detailed examples regarding the implementation of the regulation.
You can access the relevant Communiqué here.
Sincerely,
BİLGENER
