Circular
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The thresholds, amounts and penalties in the Tax Procedure Law (VUK), which are updated each year by the revaluation rate, have been set for 2026 by VUK General Communiqué No. 588. The update is based on the 2025 revaluation rate of 25.49%, and the new amounts apply from 01.01.2026.
| Subject (VUK article) | 2026 amount |
|---|---|
| Threshold for the obligation to issue an invoice (art. 232) | TRY 12,000 |
| Fixtures and goodwill amount that can be expensed directly (art. 313) | TRY 12,000 |
| Small receivable amount that can be treated as doubtful (art. 323) | TRY 25,000 |
| Threshold for invitation to explain on false or misleading documents (art. 370) | TRY 870,000 |
| Minimum penalty: stamp duty / other taxes (art. 343) | TRY 150 / TRY 300 |
An invoice must be issued for sales above TRY 12,000; for sales below this amount, an invoice must also be given if the buyer asks for one. Fixtures with a cost not exceeding TRY 12,000 can be expensed directly without depreciation.
| Measure | 2026 limit |
|---|---|
| Annual purchases | TRY 2,500,000 |
| Annual sales | TRY 3,500,000 |
| Annual gross business revenue | TRY 1,200,000 |
| Five times business revenue plus annual sales | TRY 2,500,000 |
If these limits are exceeded, books must be kept on the balance sheet basis from the year following the year in which the limit was exceeded.
| Taxpayer group | 1st degree | 2nd degree |
|---|---|---|
| Corporations | TRY 35,000 | TRY 17,000 |
| Other first-class merchants and self-employed professionals | TRY 17,000 | TRY 8,700 |
| Second-class merchants | TRY 8,700 | TRY 6,000 |
| Other taxpayers subject to income tax by return | TRY 6,000 | TRY 4,000 |
| Those whose income is determined on the simple basis | TRY 4,000 | TRY 2,600 |
| Tradespeople exempt from income tax | TRY 2,600 | TRY 1,700 |
If an invoice, self-employment receipt, expense voucher or producer receipt is not issued, not received or issued incorrectly, a special irregularity penalty of 10% of the amount that should have been written on the document applies. The minimum penalty is TRY 17,000 on the first finding and rises step by step for subsequent findings in the same calendar year:
| Finding | Minimum penalty |
|---|---|
| 1st finding | TRY 17,000 |
| 2nd finding | TRY 35,000 |
| 3rd finding | TRY 53,000 |
| 4th finding | TRY 70,000 |
| 5th finding | TRY 87,000 |
| 6th and later findings | TRY 170,000 |
The total penalty that can be imposed for each type of document in a calendar year is capped at TRY 17,000,000.
| Taxpayer group | 2026 amount |
|---|---|
| First-class merchants and self-employed professionals | TRY 35,000 |
| Second-class merchants, farmers keeping books and simple-basis taxpayers | TRY 17,000 |
| Others | TRY 8,700 |
The annual cap on the penalty for not complying with the obligation to make collections and payments through banks or financial institutions is TRY 35,000,000.
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This circular is for general information only. Please contact us about your specific situation. The Turkish original is available here.
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