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.

Kategori Taxation Law

• 

• Notification!

  The content in this article is for general information purposes only and belongs to CottGroup^® member companies. This content does not constitute legal, financial, or technical advice and cannot be quoted without proper attribution.

  CottGroup^® member companies do not guarantee that the information in the article is accurate, up-to-date, or complete and are not liable for any damages that may arise from errors, omissions, or misunderstandings that the information may contain.

  The information presented here is intended to provide a general overview. Each specific case may require different assessments, and this information may not be applicable to every situation. Therefore, before taking any action based on the information provided in the article, it is strongly recommended that you consult a competent professional in the relevant fields such as legal, financial, technical, and other areas of expertise. If you are a CottGroup^® client, do not forget to contact your client representative regarding your specific situation. If you are not our client, please seek advice from an appropriate expert.

  For contact and company information, please visit the CottGroup^® Member Companies page.