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As part of Türkiye’s ongoing efforts to combat tax evasion, a new law has come into effect that imposes penalties on consumers who fail to obtain receipts or invoices for their purchases.
The officially numbered 7524 law was published in the Official Gazette on August 2, 2024, and introduces harsher fines for businesses and consumers involved in unrecorded transactions.
Under the law, consumers who do not receive a receipt or invoice can be fined ?5,000 ($146) if they fail to report the issue to the Revenue Administration within five business days.
The seller also faces penalties for not providing the proper documentation, with increased fines applied in cases of repeated offenses. For example, if a consumer who purchased a toy for his child on August 9, 2024, is found to have not received a receipt, he could face a ?5,000 ($146) fine, alongside penalties for the seller.
To avoid fines, consumers must report missing receipts within five business days of the transaction. If a consumer who purchased on November 14, 2024, fails to report the missing invoice by the deadline, he will also be subject to a ?5,000 fine.
The law emphasizes timely reporting to avoid penalties and ensure compliance with Türkiye's tax regulations.
The penalties imposed on those who establish a taxpayer without the knowledge of the tax office will be realized with a 50% increase. If an additional tax assessment is made for retrospective periods after the taxpayer is established, the penalties will be applied incrementally.
In the Tax Procedure Law, if the documents are not submitted or received more than once in a calendar year, the buyer and seller will be subject to an incremental tax penalty for each determination.
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