Check e-Ledger Compliance with Declaration Before Tax Amnesty Application

The deadline for Tax Amnesty for tax, tax penalties, default interest, administrative fines, insurance premiums and restructuring of KYK debts is 31 August. In applications, it is important that the declaration made is compatible with the official data in the e-Ledger. Emre İyibilir, General Manager of Idea Technology Solutions, warned companies that will apply for debt restructuring against the threat of a new penalty burden.

With the Law No. 9 published on June 7326, Restructuring of Public Receivables was allowed. With the regulation, taxes, tax penalties, delay interest, administrative fines, insurance premiums, KYK debts can be configured. Taxpayers who want to restructure their debts must apply to the Revenue Administration until 31 August 2021. In applications, it is important that the declaration made is compatible with the official data in the e-Ledger. In the inspections to be carried out by the Revenue Administration due to non-compliance, it may be possible to be penalized again. With VisionPlus VerDE, the digital e-Ledger inspection tool offered by Idea Teknoloji Solutions, it is possible to minimize the risk of penalties by performing this compliance check.

If the data does not match, a new penalty load may occur.

Emre İyibilir, General Manager of Idea Technology Solutions, warned the companies that will apply for debt restructuring against the threat of a new penalty load and emphasized the importance of the issue: “Firms make a declaration by looking at the Corporate Tax Declaration or accounting records for tax debt restructuring. However, the official data that the Revenue Administration takes as a source in tax inspections is e-ledger data. If the declaration and the e-Ledger data do not match, there is an additional penalty burden in the audits to be made.”

Possible to minimize risks

Companies need to check the compatibility of their declarations and e-ledger data and base their declarations on the e-ledger. Due to application incompatibilities, it is possible to produce e-ledgers that are not compatible with the accounting records of companies. The data in the accounting records may not be transferred to the e-ledger for technical reasons. In addition, e-ledgers and e-ledger certificates can be created incorrectly, e-ledger certificates signed by GİB do not validate e-ledgers, so e-ledgers can be considered as unapproved ledgers. Emre İyibilir provides the following information to prevent this risk: “It is impossible for companies to see the data in the e-ledger, which is a digital file, with the naked eye, and to perform this compliance check. We make e-ledger data readable with our VisionPlus VerDE application. Thanks to VerDE, companies can minimize the risk of facing a new penalty by submitting their tax structuring statements based on e-ledger data.”

VerDe is simple to use and has a clear, plain interface.

Web-based Digital e-Ledger Auditing Tool VisionPlus VerDe enables viewing of e-Ledger content (journal, general ledger, charter) in a traceable and comparable format with a single click. It also creates trial balance, balance sheet and income statement from e-ledger data and displays them with a clear and simple interface. It also automatically generates the most used financial ratios such as Receivable Turnover Rate, Average Collection Time of Receivables, Inventory Turnover Rate via e-ledger.

It enables the errors arising from integration to be seen and allows for the control of accounting records and e-Ledger compliance. It checks the consistency between real and valid ledgers and electronic certificates. In addition, it audits the e-ledger according to more than 500 rules related to technical, accounting and tax, and provides the necessary guidance for the creation of the e-ledger in accordance with the rules and with the least risk.