Meaning
The national tax invoicing system uses a regulated invoice format that serves both as a commercial transaction record and as a legal tax deduction document. These value added tax special faktuas allow business buyers to deduct the input tax paid on their purchases from the output tax they collect on their sales. This invoicing system is a fundamental component of the country’s tax administration and helps prevent tax evasion.
Input Deduction
Businesses can only claim value added tax deductions if they possess valid value added tax special faktuas issued by their suppliers. The information on the invoice must match the transaction details and be verified through the official tax portal. This requirement ensures that all claimed deductions are supported by real transactions.
Tax Terminal
The issuance of these invoices is controlled through the Gold Tax System, which requires businesses to use dedicated tax terminals and software. This system records each invoice’s details in real-time, allowing the tax bureau to monitor transactions across the country. The integration of technology in the invoicing process has significantly reduced tax fraud.
It also enables tax bureaus to automatically flag inconsistent transaction patterns and cross-reference them with bank deposit records.
Audit Control
Tax authorities conduct regular audits of value added tax special faktuas to identify anomalous transactions.
