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Invoice Limit is Set at 4.200 TL for Jewelers

Invoice Limit is Set at 4.200 TL for Jewelers

Within the scope of VUK General Communiqué numbered 514, which was published in the Official Gazette dated 04.01.2020 and numbered 30998; as of 01.01.2020, the invoice limit for the sale of processed precious metals, precious stones and related manufactured goods made by the taxpayers involved in purchase and sale of processed precious metals and precious stones such as jewelers and jewelry makers has been determined as 4.200.00 TL for the year of 2020.

In case where taxpayers operating within the scope have other activities such as buying and selling white goods and running cafes does not prevent them benefitting from the increased invoice limit regarding the purchase and sale of precious metals and precious stones.

Within the scope of other mentioned activities, the limit of 1.400,00 TL will be taken into account for invoices to be issued in 2020.

Relevant circular can be accessed from here.

Written by Selma Kıy, Posted in Taxation Law

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    Contents provided on this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents of this notification without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance is put in the preparation of this article, CottGroup® and member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject. Prior to taking any action in regards the above, please consult your client representative if you are a customer of CottGroup® or consult to a relevant party.

About The Author

Selma Kıy

Certified Public Accountant - SMMM
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