Key Features for Turkish Compliance
An invoice maker for Turkey must support specific features to ensure compliance with local tax regulations. The system should correctly handle Turkish Lira (TRY) currency formatting, including the "₺" symbol and appropriate decimal and thousands separators, which are crucial for financial accuracy. Furthermore, it must allow for the inclusion and correct calculation of Value Added Tax (VAT) rates specific to Turkey. The standard VAT rate for most goods and services is currently 20%, with reduced rates of 1% and 10% applicable to certain items. Finally, the invoice maker needs custom fields for Turkish tax identification numbers (TIN), specifically the Vergi Kimlik Numarası (VKN) for companies and the T.C. Kimlik Numarası for individuals, which are mandatory for both the issuer and recipient on all invoices.