Within the scope of VUK General Communiqué numbered 514, which was published in the Official Gazette dated 04.01.2020 and numbered 30998; as of 01.01.2020, the invoice limit for the sale of processed precious metals, precious stones and related manufactured goods made by the taxpayers involved in purchase and sale of processed precious metals and precious stones such as jewelers and jewelry makers has been determined as 4.200.00 TL for the year of 2020.

In case where taxpayers operating within the scope have other activities such as buying and selling white goods and running cafes does not prevent them benefitting from the increased invoice limit regarding the purchase and sale of precious metals and precious stones.

Within the scope of other mentioned activities, the limit of 1.400,00 TL will be taken into account for invoices to be issued in 2020.

Relevant circular can be accessed from here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.