Attention online sellers: Tax monitoring expanded! User information to be reported to the Revenue Administration
With a new regulation concerning those who buy and sell products, vehicles, housing, or services online, the tax reporting obligation for digital platforms has been expanded. E-commerce sites, classifieds platforms, and social media platforms will now report user identity information, as well as data regarding listings and completed transactions, to the Revenue Administration (GİB) on a monthly basis. The regulation aims to more closely monitor commercial activities and unregistered income in the digital environment.
Tax monitoring for buying, selling, renting, and listing activities conducted via the internet and digital platforms has been expanded. With the amendment to the Tax Procedure Law General Communiqué published in the Official Gazette, the reporting obligation regarding commercial and economic transactions in digital environments has been made more comprehensive.
In the new period, e-commerce sites, classifieds platforms, and social network providers will electronically transmit user information, listing details, and data regarding completed transactions to the Revenue Administration (GİB) on a monthly basis.
The regulation will not be limited only to e-commerce sites where direct product sales are made. Access providers, content providers, hosting providers, and social network providers have also been included in the scope. Thus, it is aimed to monitor commercial activities conducted over the internet more closely in terms of tax security.
In addition to shopping and classifieds platforms such as Sahibinden, letgo, Trendyol, and Dolap, social media channels such as Instagram and Facebook will also be evaluated within the scope of the reporting obligation. Platforms will transfer the identity information of those who post listings—such as name, surname, title, Turkish ID number (TCKN), Foreigner ID number (YKN), or Tax ID number (VKN)—as well as listing and transaction data to GİB systems.
The content and method of the notifications, as well as the taxpayer groups to be included in the scope, will be determined by the Revenue Administration. While it is stated that the regulation particularly concerns those who earn income by selling regularly through digital platforms, the primary goal is to track unregistered activities more effectively.
News Source: 12punto
Most Read
How the ISIS terrorist preparing for an attack in Istanbul was neutralized
Apple's foldable phone price tag to set a new record
YÖK launches investigation into 23 foundation higher education institutions
Two-day sale and collateral traffic in Gökçek family allegations
Another bankruptcy in the construction sector
Detention warrants for 31 lawyers, searches at 39 offices
Footage emerges of Berhan Şimşek allegedly assaulting his former partner
Journalist Oya Lale Arslan detained
Massive compensation claim against Acun Ilıcalı
New seizure order in the Süleymancılar investigation