Notification obligations of taxpayers will be reduced – Breaking News

The “Communiqué Amending the General Communiqué on Tax Procedure Law” prepared by the Ministry of Treasury and Finance Revenue Administration (GIB) was published in the Official Gazette.

With the Communiqué, the Presidency has implemented an important regulation that reduces the notification obligations of taxpayers.

According to the statement made by the Ministry regarding the regulation, taxpayers who keep books on the basis of balance sheet, report their purchases or sales of goods or services over 5 thousand TL on a monthly basis with Ba-Bs forms in electronic environment. There are approximately 1.6 million taxpayers who file Ba-Bs in this way.

With the regulation made last year, taxpayers whose all purchases or sales are less than 5 thousand liras, or who make their purchases or sales with electronic documents such as e-Invoice, e-Self-employment Receipt, e-Manufacturer Receipt, can submit these forms as “I do not have information to declare in the Ba-Bs notification”. They had to tick the box and send it electronically.

Taxpayers will no longer need to submit Ba-Bs forms

With the new Communiqué, the obligation of the taxpayers to submit Ba-Bs forms has been removed. Accordingly, taxpayers whose all purchases or sales are less than 5 thousand liras, or who make their purchases or sales with e-Documents, will no longer need to submit a Ba-Bs form.

Thus, 1.4 million taxpayers for those who give Ba form and 1.5 million taxpayers for those who give Bs form will no longer make any notification regarding these forms.

Pursuant to the regulation, GİB will be able to abolish the obligation to include this information in Ba-Bs forms with an announcement on its official website, if it receives information from public institutions regarding the purchase and sale of taxpayers in electronic environment.

In this way, there will be no need for taxpayers to report some of the information already reported in the aforementioned forms.

The Communiqué entered into force to be applied to the notification forms to be submitted for the following notification period.