The Law on Amending the Tax Procedure Law and Some Laws entered into force after being published in the Official Gazette. This law brought a 15 percent withholding tax to internet phenomena and application developers. In addition, around 850 thousand tradesmen were exempt from income tax by law.
In the past few weeks, and internet phenomena earnings of mobile application developers disruptive The bill came into force after being published in the Official Gazette. Thus, citizens who earn money by developing mobile applications or the content they produce over the internet, 15 percent of their earnings up to 640 thousand TL They will pay to the state with withholding method.
According to the law that came into force, internet phenomena and application developers are now; 15 percent of their income They will pay taxes to the state. These taxes will be withheld directly through banks. Both phenomena and developers will not file a declaration for their income up to 640 thousand TL. However, if the amount won exceeds that, this time income tax procedure will begin.
Small businesses are now exempt from income tax
entered into force by being published in the Official Gazette.The Law on Amending the Tax Procedure Law and Some Laws“, did not bring innovations that only concern phenomenon and application developers. With this law, around 850 thousand small tradesmen were exempted from income tax. In addition, with this law, vehicles called ATV and UTV. 25 percent excise duty, the SCT on caravans is fixed 45 percent was determined as.
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To the Law Amending the Tax Procedure Law and Some Laws in the Official Gazette here available via the link.