Parliament will go through a very busy agenda this week. The General Assembly will be held close to the citizens this week, especially since the Tax Procedure Law and the Bill on Amending Certain Laws will be discussed. Because with this regulation, tax exemption will be brought to small businesses affected by the coronavirus. But regulation is not just that. The tax planned for people who make money from social media will also be one of the issues that the parliament will discuss in the coming days.
As a matter of fact, some articles in the said regulations were accepted last week. Among the accepted items, there was also the issue of withholding tax deductions for users who make money on social media. In this context; It has been decided to apply a 15 percent withholding tax from content producers whose YouTube income is below 650 thousand TL.
The same will be true for app developers.
Withholding tax, which will be applied to those who make money on social media, will also apply to application developers. Thus, citizens who earn money through an application they have developed will have to pay 15 percent of their earnings as taxes.
Tomorrow, the Parliamentary Plan and Budget Committee will also meet. This meeting is also very important. Because at the meeting, which will be attended by the Chairman of the Central Bank of the Republic of Turkey Şahap Kavcıoğlu, financial studies will be announced. Şahap Kavcıoğlu, in a statement he made recently, accepting that Turkey is one of the countries with the highest increase in food prices, and became one of the senior executives who put their finger on this issue. . .
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