Various question marks have arisen regarding the VAT declaration issue. SteelRadar consulted experts in the market. The statement made by experts on the subject is as follows:
1) The system we call IDIS would be realized on January 1, 2024. However, since the Treasury and Mint Directorate could not fully establish this system, the application was changed to April 30, 2024. So applications continue.
2) If the iron you purchased has an IDIS number, you will sell this iron with IDIS and the person to whom the sale was made will be stated on the delivery note and invoice. You will provide information to the system. If the iron you bought does not carry an IDIS number, you will be able to sell it using IDIS. The iron you purchased during the process will be settled as the transition to the İDİS system will be completed.
3)The old system regarding VAT Declaration NO. 2, that is, the Withholding System, continues. Since the accounting departments are obliged to submit VAT declaration NO. 2 by the 21st day of the following month, we will pay our declaration NO. 1 between the 21st and 23rd of the month, without waiting for the 26th of the month, in order to benefit from the offset and avoid interest. When we pay, on the one hand there will be a tax we have to pay, and on the other hand there will be a tax we have to get refunded, just like now. (If there is a refund.) Offset will be made. There is no change in the system. Our merchants can continue selling goods. The accounting department will have solved the system with early payment. We should especially not delay VAT NUMBER 1. If the declaration numbered 1 and 2 is prepared and submitted on the 21st of the month, my system continues by adding the offset petition and other documents. There is no reason to express a different opinion for now.
These are the comments of financial advisors until an updated circular is announced.
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