New Tax on E-Commerce, UTTS Implementation for Vehicles, Mandatory E-Ledger for 2025, and New Generation Cash Registers
New Tax Regulation on E-Commerce
According to the communique draft published on November 4, a withholding tax application on e-commerce transactions will be introduced as of 2025.
Withholding Tax Rates
- For sole proprietorships: 25%
- For corporate entities (Ltd., Inc.): 15%
Marketplaces or intermediary service providers will deduct this withholding tax from the amounts collected on behalf of the sellers and pay the remaining amount to the sellers.
Calculation and Application of Withholding Tax
- Withholding tax will be calculated over the amount excluding VAT.
- The withholding tax paid by marketplaces can be deducted from the temporary corporate or income taxes that sellers will pay at the end of the year.
- If the calculated tax amount is lower than the tax paid through withholding, sellers will be able to request a refund from the tax office.
Exemptions from Withholding Tax Application
- Sales by tax-exempt tradesmen and cash-on-delivery methods will not be subject to the withholding tax application.
Sample Marketplaces and Intermediary Service Providers
Platforms such as Hepsiburada, Trendyol, Amazon, Letgo, Sahibinden, ETS, and Setur will make withholding deductions. In addition, even if sellers use their own platforms, withholding tax will apply if the payment is processed through an intermediary institution (e.g., Iyzico).
Product Return Scenarios
- No withholding tax will be calculated for return transactions occurring within the same month.
- However, if the return transaction spills over into the following month, withholding tax will apply.
Sample Transaction
XX Inc. made a sale through Trendyol amounting to 100 TRY + VAT = 120 TRY and issued the invoice to the customer.
- Trendyol will deduct a 15% withholding tax on behalf of the seller XX Inc.:
* 15% of 100 TRY = 15 TRY withholding tax
* Amount to be paid to the seller: 85 TRY (net) + 20 TRY (VAT) = 105 TRY
- Trendyol will pay the 15 TRY withholding tax to the tax office at the end of the month via a withholding tax return.
XX Inc. will calculate its corporate tax at the end of the year:
- If corporate tax is more than 15 TRY:
* The 15 TRY paid by Trendyol will be deducted, and the remaining amount will be paid to the tax office.
- If corporate tax is less than 15 TRY:
* The 15 TRY paid by Trendyol will be deducted, and a refund for the overpaid amount will be requested.
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UTTS – National Vehicle Identification System Starts on January 1st
The National Vehicle Identification System (UTTS) comes into force as of January 1st. Within the scope of this system, it becomes mandatory to have a "Vehicle Identification Unit" (TTB) installed on all vehicles registered in company assets or used under lease (passenger cars, commercial vehicles, motorcycles, construction machinery, etc.).
Electric vehicles are exempt from this practice.
Who Is It Mandatory For?
1. Company vehicles: Fuel purchased with vehicles that do not have a TTB installed in 2025 cannot be recorded as expenses.
2. Individual vehicles: The deadline for having the TTB installed is June 30, 2025.
UTTS Roadmap
1. Registration Procedures: Applications for system registration will be made with company and vehicle information via www.utts.gov.tr.
2. Vehicle Kit Application: An activation code for the vehicle will be obtained by paying 2,172 TRY.
3. Installation Appointment: By making an appointment with an authorized vehicle installation company, the TTB device will be installed on the vehicle.
4. Activation: The code obtained during the application will activate the TTB device installed on the vehicle.
Fuel Purchase Process
- Fuel pumps with a “UTTS logo” will identify the vehicle by reading the TTB chip in the vehicle.
- The vehicle license plate obtained from the chip will be automatically processed into the cash register on the pump.
- Manual license plate entry will not be possible.
- Following the fuel purchase, a “UTTS” approved receipt will be issued.
If the fuel purchase is made without the TTB device or if the device cannot be read, the printed receipt will bear the statement "Has No Fiscal Value" and this receipt cannot be used as an expense.
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E-Ledger Application is Being Expanded
In 2025, the transition to the “e-Ledger” application becomes mandatory for all companies keeping books on a “balance sheet basis”.
Which Ledgers Does the e-Ledger Cover?
- Ledgers within the scope of e-Ledger:
* Journal
* General Ledger
- Ledgers that will continue to be kept in paper format:
* Inventory Ledger
* Stamp Tax Ledger
* Share Ledger
* Board of Directors Resolution Ledger
* General Assembly Meeting and Negotiation Ledger
Integration with E-Invoice
Companies transitioning to the e-Ledger application will also be required to use e-Invoices.
Financial Seal Obligation
An application for a financial seal is required for the e-Ledger transition.
It is mandatory for companies to complete their financial seal applications and receive their financial seals by the end of the year.
For financial seal applications:
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Mandatory Use of New Generation Cash Registers (YN ÖKC)
YN ÖKC (New Generation Cash Registers) are devices that offer both cash register and POS functions combined.
Types of YN ÖKC
- Devices with POS features
- Devices without built-in POS but connectable to an external POS device
The usage period of Old Generation Cash Registers will end at the end of this year, and old generation cash registers cannot be used at the beginning of the year.
In addition, mobile POS devices will also no longer be usable.
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Inflation Communique No. 176 Published in November
Inventory Valuation: In the simple average calculation used in inventory valuation in the 2nd quarter of 2024, the December 2023 index must be used instead of the end of March.
Accounts 180 and 280: Inflation adjustments made for accounts 180 and 280 in 2023 will be considered as Non-Deductible Expenses (NDE) in 2024.
Incentivized R&D Expenditures: Inflation differences of R&D expenditures made within the scope of incentives will not be taxed and will be evaluated as NDE.
Accounts 178/358: Amounts in accounts 178 and 358 cannot be subjected to inflation adjustment.
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Change in Foreign Work Permit Criteria
Criteria regarding foreign work permits have been updated. Employers are required to comply with these regulations:
Employment Conditions
1- Turkish Citizen Employment Obligation:
* In workplaces subject to the balance sheet basis, at least 5 Turkish citizens must be employed for every 1 foreigner employed.
2- This criterion will not be sought in companies with net sales of 50 million TRY and above.
Financial Conditions of Companies:
- The company must meet at least one of the following conditions:
* Capital of at least 500,000 TRY
* Net sales of at least 8 million TRY
* Export amount of at least 150,000 USD
Reduction in Salary Criteria
Salary criteria based on multiples of the minimum wage for foreign employees have been reorganized as follows:
- Senior Executives and Pilots:
* Previously: 6.5 times the minimum wage
* New regulation: 5 times the minimum wage
- Other Executives:
* Previously: 4 times the minimum wage
* New regulation: 3 times the minimum wage
- Professions Requiring Expertise and Craftsmanship:
* Previously: 3 times the minimum wage
* New regulation: 2 times the minimum wage
- Other Professions:
* Previously: 1.5 times the minimum wage
* New regulation: 1 time the minimum wage
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In Brief
The tax and fee increase rate for 2025 became 43.93%
The annual PPI increase rate for October 2024 was realized as 43.93%, accordingly, passport fees, driving licenses, and telephone registration fees will also increase at this rate in 2025
All invoices of 3,000 TRY and above will be issued electronically in 2025
Companies with a gross revenue exceeding 1 million TRY that are required to transition to IDIS – Construction Rebar Monitoring System will use e-waybills
Airline companies will be able to use a 13-digit IATA code instead of a 16-digit e-Invoice number
Payment and electronic money institutions will be able to be included in the e-receipt application
Vehicles located in trustee parking lots and not claimed by their owners within 6 months can be sold, and the amount obtained from the sale will be paid to the right holders after deducting expenses and penalties
Appointments will be required for registration applications to be made at the ITO – Istanbul Chamber of Commerce. The practice started this month
In 2025, the departure fee for traveling abroad will be paid online, and the physical stamp is being abolished. Payment can be made via the digital tax office, GIB mobile application, contracted banks, airport counters, and tax offices
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