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๐Ÿ‡น๐Ÿ‡ท Turkey /Economy & Trade

New tax targets commercial transactions on second-hand platforms and social networks, with rates set

From Cumhuriyet · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Approved/passed
  • Turkey has brought rental and sales transactions on social networks, listing sites and second-hand platforms under tax supervision.
  • Platforms must provide user information to the Revenue Administration.
  • People who sell online regularly could become liable for income tax and value-added tax.

Rental and sales transactions conducted through social networks, listing websites and second-hand platforms will come under tax supervision in Turkey, according to a decision published in the Official Gazette.

The rules require platforms to report user information to the Revenue Administration. People who make regular sales online could face income tax and value-added tax obligations.

About this summary

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.