Withholding Tax

In accordance with Turkish legislation, VAT withholding is the declaration and payment of the tax calculated on the delivery or service cost, not by the deliverers or service providers, but by those who are dealing with these transactions, partially or completely, in the capacity of tax responsible.

With the Navapp Withholding application, the Withholding Codes are selected in the Purchase and Sales documents and the VAT Withholding rate is calculated according to the selected code.

It is easily defined to which account the Withholding calculated on the basis of Customer and Vendor groups will go in the accounting, and the accounting processes are carried out automatically.

It prepares the withholding and stoppage records that will be the source of the VAT Declaration reports prepared at the end of the month in Turkey.