Tax relief for influencers!

Those producing content on social media and digital platforms will be evaluated under a simpler taxation system with the new regulation. This practice, which will come into effect as of January 1, 2024, will also cover those providing services such as individual courses, data processing, development, and product promotion.

With this step, which aims to increase tax security and voluntary compliance, it was stated that earnings obtained from digital activities will be taxed more easily.

INCOME TAX EXPANDED

Earnings obtained as a result of sharing content such as text, images, audio, and video through social network providers were exempt from income tax under the current regulation.

With the new regulation, this exemption has also been made applicable to those producing content on websites and electronic platforms other than social network providers. In this way, digital content creators will be able to benefit from tax relief on the income they earn from the services they offer in the internet environment.

EFFICIENCY AND SECURITY IN TAXATION ARE BEING INCREASED

Simplified taxation methods are being introduced to increase efficiency and tax security in the taxation of commercial earnings of social content creators and mobile application developers. According to NTV's report, this method aims to both increase tax compliance and simplify the process for digital entrepreneurs.

News Source: 12punto