Tax Advisory

What documents should I keep for overseas service income?

You need: invoices issued to foreign clients, bank statements showing foreign currency received, the service contract or scope-of-work agreement, and the foreign exchange purchase receipt (DAB — döviz alım belgesi). These documents are checked during tax audits and are essential to support the VAT exemption and income deduction claims.

Read the full article: I Sell Services Abroad — What About Tax? →