According to the 4th article of General Statement of Tax Procedure Law with item number 483, which was published in the Official Gazette dated 30.09.2017, information pertaining to daily Z reports that are generated by old and new generation cash registers (portable Payment Recording Devices with EFT-POS features are excluded) were required to be declared to Revenue Administration with the effective date 01.10.2018.

In accordance with the publication of the Law that was published in the 09.08.2016 dated Official Gazette numbered 29796, it has been announced that the Withholding Tax Return and Monthly Premium & Service Declarations are to be combined under a single return called “Withholding Tax and Premium Service Return”. Within the scope of this announced statement, the single return application was postponed to October 1, 2018 for Türkiye.

As per the Presidential Decree announced on September 13, 2018, there has been uncertainty on the parties located in Türkiye, which were to be prohibited from signing foreign currency-based contracts. The uncertainty has mostly raised a question for the parties that have a casual connection with parties outside Türkiye, have non-Turkish shareholder/ownership, and/or have an obligation of foreign currency-based payments to abroad with the services, consultancy, and relevant agreements.