Monthly Reporting Requirement Introduced for Internet-Based Purchase, Sale, and Advertisement Activities

With the amendment made to the General Communiqué on the Tax Procedure Law, a monthly reporting requirement has been introduced for purchase, sale, rental, advertisement, and commercial activities conducted via the internet and digital platforms in order to enhance tax security.

Scope of the Regulation and New Rules

With the amendment made to the General Communiqué on the Tax Procedure Law, the scope of the reporting obligation has been expanded to ensure tax security. According to the regulation, where the internet and other digital platforms are used for commercial purposes, a reporting obligation may be imposed on the entities acting as intermediaries for these activities.

Content and Details of Monthly Reports

Platforms that enable the publication of advertisements regarding the purchase, sale, and rental of goods and services on the internet will be required to report the relevant information to the Presidency's systems electronically every month. The information to be reported will include the internet address where the advertisement is published, as well as the identity and tax identification numbers of the advertisers.

Powers of the Ministry and Flexibilities

The Ministry of Treasury and Finance has been granted the authority to determine which information the reports will contain, in what format, and when they will be submitted. The reporting obligation may be determined differently according to business volume, sector, taxpayer groups, and the type of goods or services.

Effective Date and Retention Obligation

It may be made mandatory to store the information and reports obtained within the scope of the communiqué in an electronic environment and to submit them when necessary. The regulation entered into force as of the date of its publication in the Official Gazette.