We shared that with the new economy package prepared recently, a new taxation study has come to content producers who share content such as text, images, audio and video on YouTube and all other social network providers. According to this study, the group, including YouTubers, would pay 15% of their earnings as income tax.
But this study, which has not yet been approved, is not limited to this. The new package made a 15% income tax applicable to content producers earning less than 650 thousand TL per year. Those who earn more than this amount will be deducted more than 15%. In addition to content producers, app developers will also face the same taxation. Let’s look at the details.
15% income tax for those who earn up to 650 TL per year:
According to Financial Advisor Evren Özmen, according to the draft law article, content producers who share content such as ‘text, image, sound, video’ over social network providers on the internet, and those who develop applications for mobile devices such as smart phones or tablets, electronic application earnings from sharing and sales platforms will be exempt from income tax up to 650 thousand TL.
- If you have an annual income of less than 650 thousand TL, you will only be subject to 15% income tax. However, if your earnings are above this amount, you must submit a declaration and fulfill other tax obligations.
- If you earn an annual income of 650 thousand TL or more, you will be subject to income tax ranging from 15% to 40%.
How will the tax be deducted?
In order for banks to deduct the tax to be deducted from your income, an account will be opened in banks established in Turkey and all income related to these activities will be collected only through this account. Banks will deduct 15% tax on the income transferred to the accounts and transfer it to the relevant offices.
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