KDV Katma Deger Vergisi

1

Hi everyone.

I think I saw that the Manager (24.7.7.1713) deducted the KDV tax from the supplier in purchase invoices. (If i am wrong forgive me.) Because of that i want to say something about KDV system in Turkey. I am goint to use google translate.

  1. We pay the KDV and the price of the product in full to the supplier without any deduction. For example;
    1 chocolate bar is 100 TL (price without tax) x 20% KDV = 120 TL.
    As a result of this transaction, we will owe 120 TL to the supplier. There is no deduction. we pay 120tl supplier.

  2. We also use KDV on sales invoices. As a result of the sales invoice, we receive a credit from the customer for the sum of the product price and KDV. For example
    1 chocolate sales invoice to the customer;
    1 chocolate 100 TL (price without tax) x 20% VAT = 120 TL.
    As a result of this transaction, we will receive 120 TL from the customer. There is no deduction.

  3. KDV (value added tax) is independent of the profit and loss status of businesses. (Generally) Businesses are debtors or creditors to the tax offices for the difference between the KDV amounts they pay and collect (formed as a result of purchase and sales invoices).
    KDV is reflected in current accounts without interruption in current transactions.
    The business that collects or pays KDV keeps track of it in the relevant account.