Export-registered sales fall within the scope of domestic sales by law. Therefore, collections and payments in such sales must be made in Turkish Lira (TL). However, there are some important details to consider during implementation. Preparation of Foreign Currency Invoices and Contracts In export-registered sales, invoices and contracts can be issued in foreign currency. In other words, the sales price can be expressed in a foreign currency. However, this does not create a difference in collection transactions; the TL equivalent of the collection must be obtained based on the exchange rate on the payment date. If a special exchange rate is not determined between the parties, the TCMB Foreign Exchange purchase rate is used. Regulation of Exchange Rate Difference Invoice If an exchange rate difference occurs between the exchange rate used in the invoice on the payment day and the collection, a separate exchange rate difference invoice must be issued for this difference. This transaction is of critical importance both in terms of preserving the accounting system and compliance with the legislation. Conclusion Although it is possible to issue foreign currency contracts and invoices in export-registered sales, collections must be made in TL and the resulting exchange rate differences must be documented correctly. Providing careful calculations and documentation during this process will provide an advantage to your business in terms of both financial compliance and legal requirements. Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.