‘Withholding’ Regulation Accepted for YouTubers

If you remember, we talked to you recently that a new tax regulation will be introduced for content producers. The Ministry of Treasury and Finance, which has taken 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 the bank accounts cross-checked, it’s the creator’s responsibility to declare how much he earns it will be.

Those who have a bank account abroad will be considered an exception.

According to the statements made by the Ministry, only one social media platform has been used for the last 4 years in Turkey. 14 thousand people, 4 billion TL in total According to the statements made by İdris Şenyurt, Vice President 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, as it has been until now, that they will follow dozens of people closely and cross-check expressed.