Income Tax On The Way For Those Who Make Money From The Internet

With the new economy package prepared in the past days, we shared that a new taxation study is coming 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 More than 15% interruption they will be subjected. 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 thousand TL annually:

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, up to 650 thousand TL will be exempt from income tax.

• 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, ranging from 15% to 40% You will be subject to income tax.

How will the tax be deducted?

In order for the tax to be deducted from your income to be deducted by the banks, it will be necessary to open an account with banks established in Turkey and collect all income related to these activities only through this account. Banks, on income transferred to accounts It will make a 15% tax deduction and transfer it to the relevant offices.