FCHAIN Turkey Office informs:
Penalties for businesses receiving payments via IBAN have been determined. Experts have warned that you may even become unable to conduct transactions at the notary. Your assets may be frozen. Many business owners are requesting payments via IBAN from customers by claiming that their POS devices are faulty or not working. Some are even forcing their customers to do so, but in reality, this is illegal. Significant penalties are on the way for those avoiding taxes by using IBAN for transactions. Those who lease out their IBANs to businesses are also under scrutiny. Moreover, it doesn’t stop with these penalties. Bank sanctions are also coming into play.