Certain amendments have been made in terms of “Ledger-Declaration System” practice.

With the Serial No. 532 Communique on TPL published in the Official Gazette dated October 19, 2021, new regulations and explanations were made on issues such as recording to the books, closing approvals, maintenance and submission of the books within the scope of the Ledger-Declaration System.

It is obligatory to carry out recording transactions regarding monthly basis periods for taxpayers keeping books according to operation account method and keeping self-employment income books;

a. Until the end of 15th day of second month following the month in which transactions are made in terms of taxpayers which are running their records based on documents mentioned in article 219 of Tax Procedure Law and replacing ledger records,

b. Until the end of final day on which VAT return of related month should be submitted

in terms of other taxpayers.

- The electronic closing approval will be made by the Turkish Revenue Administration (Administration) until the end of the second month following the month in which the income tax return for the calendar year the books belong to should be submitted.

- The obligation to maintain the books and records kept on the system belongs to the Administration, and the obligation to submit to the competent authorities belongs to the taxpayer.

- The records and books kept electronically in the system can be downloaded from the system as an electronic ledger file within the retention and submission period specified in the Tax Procedure Law, or they can be requested in paper form approved by the tax office.

- Taxpayers using the Ledger-Declaration System cannot make records, keep books, and send paper or electronic declarations outside the System (excluding the documents specified in Article 219 of the Tax Procedure Law) or electronic media, outside the System.

Serial No 532 communique has entered into force on its publication date (October 19, 2021).