There is no specific Turkish legislation on taxing Internet transactions, and Turkish law has not addressed the issue of ?electronic residence?. The same criteria for tax status, namely the location of the physical residence of the parties concerned, are applied to e-commerce transactions as to any other commercial transaction.Tax evasion remains a major problem in Turkey, and enforcement is poor. In any event, the level of e-commerce is still too low to have a significant effect on tax collection. In the medium term, the absence of hard-copy records for online transactions will probably be offset by an increased use of electronic payments, which appear in the records kept at commercial banks.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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