E-commerce to be made with electronic invoice, Turkish minister says

ANKARA - Anadolu Agency

E-commerce companies are to make out e-invoices to their customers instead of paper invoices, the Finance Minister said by a statement. AA photo

Companies that do e-commerce are to make out e-invoices to their customers instead of paper invoices, according to the penned notification of Turkish Minister of Finance Mehmet Şimşek.

The Turkish Ministry of Finance’s note puts into practice a project that has been long-awaited by the e-commerce sector.

Online shopping to be observed

After the e-archive application of the Revenue Administration is brought into effect, internet sales will be made faster, more secure, and with minimum cost. At the beginning, the taxpayer companies, who meet the requirements, will take advantage of the application. However, the application will be compulsory for dot com companies as of Jan. 1, 2015.Şimşek said the application allowed the e-customers to receive the invoices more securely, adding, “The application removes the risk of receiving the false invoice.”

Şimşek noted that after the settling of the application, online shopping would be observed and the tax loss in this area would be prevented.