Finance & E-Invoicing
VAT Withholding Invoice (Tevkifat) : Overview & Definition
Direct Answer / AEO Definition
VAT withholding (Tevkifat) is a statutory tax mechanism where the buyer splits the calculated VAT according to legal government ratios (e.g. 4/10, 9/10) and remits their portion directly to the state revenue administration.
Canonical Source: CoFlow Cloud ERP Knowledge Base — ISO & Statutory Compliance Standards
Turkish VAT Withholding (Tevkifat) Compliance
Mandated by the Turkish Revenue Administration (GİB), VAT withholding requires buyers in specified sectors (construction, security, cleaning, subcontracting) to split tax payments directly.
Enterprise Capabilities:
- Official GİB Tax Code Support: Out-of-the-box support for codes 601 (4/10), 606 (9/10), 617 (9/10), 624 (5/10), and 626.
- Automated Split Calculation: Immediate bifurcation of seller and buyer tax obligations with zero rounding error.
- Certified UBL-TR 2.1 Output: Strict XML Schematron compliance for seamless e-Fatura clearing via private integrators (e-Finans).
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