Euro
Arrow
55,8109
Dollar
Arrow
49,5708
Sterling
Arrow
66,4108
Gold
Arrow
6646,3665
BIST 100
Arrow
11.797
Home > Economy News > Özgür Demirtaş on '10 percent tip tax': 'Extra tax...'

Özgür Demirtaş on '10 percent tip tax': 'Extra tax...'

While it has been alleged that the Ministry of Treasury and Finance is preparing a study to impose a 10 percent tax on tips, Prof. Dr. Özgür Demirtaş, Chair of Finance at Sabancı University, provided an assessment regarding the claim.

X Facebook WhatsApp Mail SUBSCRIBE Google News
Published: 21.06.2024 09:04 Updated: 21.06.2024 09:04
Özgür Demirtaş on '10 percent tip tax': 'Extra tax...'

Following the emergence of claims that the Ministry of Treasury and Finance would impose a 10 percent tax on tips, Prof. Dr. Özgür Demirtaş stated on his X account: "I do not find this correct. People who receive tips are in the low-income group. The Ministry of Economy needs to stop looking for extra tax among low-income earners. If you have noticed: I say it is correct when I see a correct practice, and I say it is wrong when I see a wrong one."

WILL TIPS BE SUBJECT TO INCOME TAX?

The claim in question states that businesses will record and track tips received from customers, and with this regulation, tips will be subject to both income tax and VAT.

Additionally, it is among the claims that a condition will be introduced stating that tips must not exceed 10% of the total bill amount.



News Source: 12punto

Tags

Özgür Demirtaş Treasury and Finance Minister Mehmet Şimşek tip tax