Post by amina147 on Mar 7, 2024 11:07:11 GMT
The delivery which exchange rate should be taken into account in determining the base According to Article of the VAT Law exchange rate differences occurring until the registration date of the customs declaration must be included in the VAT base. According to Article of the VAT Law if the price is calculated in foreign currency the foreign currency must be converted into Turkish currency at the current exchange rate at the time of the taxable event.
Therefore if an advance payment is made before import the exchange rate on the registration date of the customs declaration should be taken into account in the import base not on the payment date. The same applies to advance payments made before delivery or service for goods and services purchased in foreign Austria Phone Numbers List currency within the country. In this case the VAT base must be determined by taking into account the exchange rate on the date of delivery or service. How should an invoice be prepared for exchange rate difference In the VAT General Application Communiqu Due to the statements VAT is not calculated on the exchange rate differences resulting from the valuations made in accordance.
With the Tax Procedure Law at yearends and provisional tax periods after the valuation of the foreign currency accounts within the scope of Article of the TPL at the end of the year the exchange rate differences that occur after the collection payment extending to the next year will be applied on what basis and to whom regarding the issue of invoices. Exchange rate differences that occur at the end of the period are a requirement of the periodicity principle and the base of the invoice must be calculated based on the exchange rate differences that arise between the taxable event and the payment date. In order to make the subject more understandable in terms of application the following example study was made.
Therefore if an advance payment is made before import the exchange rate on the registration date of the customs declaration should be taken into account in the import base not on the payment date. The same applies to advance payments made before delivery or service for goods and services purchased in foreign Austria Phone Numbers List currency within the country. In this case the VAT base must be determined by taking into account the exchange rate on the date of delivery or service. How should an invoice be prepared for exchange rate difference In the VAT General Application Communiqu Due to the statements VAT is not calculated on the exchange rate differences resulting from the valuations made in accordance.
With the Tax Procedure Law at yearends and provisional tax periods after the valuation of the foreign currency accounts within the scope of Article of the TPL at the end of the year the exchange rate differences that occur after the collection payment extending to the next year will be applied on what basis and to whom regarding the issue of invoices. Exchange rate differences that occur at the end of the period are a requirement of the periodicity principle and the base of the invoice must be calculated based on the exchange rate differences that arise between the taxable event and the payment date. In order to make the subject more understandable in terms of application the following example study was made.