Tax Regulation Including YouTubers Entered into Force

The long-awaited tax regulation for ‘social content producer natural persons who share content such as text, images, audio, and video over social network providers on the internet’ and mobile application developers, which includes a large audience, including YouTubers, came into effect today. The regulation was published in the Official Gazette.

published in the Official Gazette by the Revenue Administration of the Ministry of Treasury and Finance.Income Tax General Communiqué‘, the incomes of the mentioned persons from their activities will be exempt from income tax up to a certain level. According to the communiqué that came into force as of today, only banks will be subject to withholding tax on earnings up to a certain amount, no books will be kept, no invoices will be issued and no returns will be submitted.

Only withholding tax will be applied to those who earn an income not exceeding 880 thousand TL per year:

Banks will be obliged to withhold income tax at the rate of 15% as of the date of transfer, on the amount of revenue transferred to the accounts opened in this context, and to declare and pay with a concise declaration to be submitted in the following month. The amount of money deposited in the bank account (before withholding) As long as it does not exceed 880 thousand TL for 2022 The only deduction will be withholding and no income tax return will be filed.

If the income obtained in 2022 exceeds 880 thousand TL, the taxpayer will be obliged to declare their earnings with their income tax return.. Apart from this, regardless of the income amount, the obligation to certify, book-keeping and document preparation is eliminated.

You can click on this link to read the articles of the communiqué published in the Official Gazette.