New tax targets commercial transactions on second-hand platforms and social networks, with rates set
Translated from Turkish and summarized by DistantNews. Read the original for the full story.
At a glance
- 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.
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.