Turkiye Expands Tax Checks to Second-Hand Online Sales Platforms
5 Articles
5 Articles
According to the decision published in the Official Gazette, rental and sales transactions on social networks, classified ad sites, and second-hand platforms have been included in the scope of tax audits. Platforms will report user information to the Revenue Administration; those who regularly sell goods online may face income tax and VAT liabilities.
Advertisement websites and social media platforms offering this service will report the identity information of advertisers and the details of sales advertisements to the Ministry of Finance every month.
The Ministry of Treasury and Finance is expanding its oversight mechanisms for digital platforms in order to prevent unregistered economic activities and tax losses online.
A regulation concerning those who advertise houses, vehicles, and goods online has come into effect. According to the communiqué published in the Official Gazette, advertising websites and social media platforms offering this service will report the identity information of advertisers and details of sales and rental advertisements to the Ministry of Finance every month. 🚆
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
