If you remember, we talked about a new tax regulation for content producers recently. The Ministry of Treasury and Finance, which took over social media platforms such as YouTube, announced that the withholding regulation for YouTubers was accepted in the parliament.
According to the statements made, people with an income of less than 650 thousand TL from YouTube will be subject to 15%, and those with a higher income will be subject to a higher tax bracket. Although the ministry keeps their bank accounts cross-checked, it will be the creator’s responsibility to declare how much he earns.
Those who have a bank account abroad will be considered an exception.
According to the statements made by the Ministry, 14 thousand people have earned a total of 4 billion TL in revenue through only one social media platform for the last 4 years in Turkey. According to the statements made by İdris Şenyurt, Deputy Head of Revenue Administration, 975 people with income exceeding 100 thousand TL were under investigation during this period, and a tax base difference of 404.7 million TL emerged.
There are two conditions for content producers to pay taxes; To reside in Turkey and have a bank account in Turkey. Content producers who meet these conditions are responsible for declaring their income from YouTube to the Ministry of Treasury and Finance. Şenyurt stated that they will follow dozens of people closely and cross-check will be provided, as they have done so far.
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