What is VAT 2 Declaration?

Taxes are the main source of income for every state, giving it the financial power it needs to sustain its activities. For this reason, each state collects different tax types from its citizens in accordance with its internal dynamics. The tax named VAT-2 is a type of tax that is accrued and paid during the purchase of goods, just like VAT, from which it is derived. To explain in more detail, in some cases, a transaction that will cause VAT cannot be paid by the person making the transaction. Foreign-based companies can be shown as an example to this. While this situation is called full withholding, it can happen in some sectors when the state divides the VAT payment between two sides and this situation is called partial withholding.

How is VAT 2 calculated?

VAT 2 calculation is almost similar to VAT. The most important issue to be considered is that in cases where partial withholding will accrue, the amount to be paid is shared equally between the two parties. The calculation process may vary depending on whether the buyer or seller is a foreign-based company. All factors affecting the process must be specified in the VAT 2 declaration form. The allocation rates for payment obligations vary between 10% and 90%.

How is VAT 2 Declaration drawn up?

The VAT 2 declaration is extremely important in terms of the correct calculation of the tax to be accrued, the correct distribution of the tax between the parties and the smooth management of the legal processes. Since 2007, declarations have been submitted electronically on the Revenue Administration portal. This type of statement is called an e-statement.

When Is VAT 2 Declaration Submitted?

VAT 2 declaration is declared until the 25th of the next month from the relevant month, just like the VAT declaration (VAT 1 Declaration), and it is paid on the 26th of the latest. If these dates coincide with holidays, they stay on the next business day. These periods can be extended for a few days depending on the need.

VAT 2 Declaration with Oditta

Have you met Oditta, Turkey's first and only certified public accountant software? While offering modules and services to meet all the needs of certified public accountants, it offers a flexible, sustainable and strong infrastructure to its users.

VAT 2 Declaration preparation and declaration processes can be partially painful. Declaration transactions made through the Revenue Administration portal can cause a complex and inextricable experience for those who have not done this before. Thanks to the declaration module offered by Oditta, you can create a model suitable for your own workflow and make the software work on this model. Another feature that technological developments add to our lives is cross-platform support. You will have a much stronger and uninterrupted user experience thanks to the bridge established between the software and the GIB portal during the execution of the transactions and the mobile applications offered with the software. When preparing a VAT 2 declaration, it is sufficient to fill in the relevant fields. All the rest of the calculations and preparations are done by Oditta for you.

In addition to preparing a VAT 2 declaration and the declaration process, you will have the opportunity to manage the independent audit, VAT return and full approval processes smoothly and quickly with Oditta. You can contact us at any time to meet Oditta and manage all your processes with the modules and services it offers.