Tax Liability Imposed on Shopping and Listings Made Through Social Media
Sales carried out via social media have been brought into the tax scope with a communique from the Ministry of Treasury and Finance.
With a communique published by the Ministry of Treasury and Finance, tax liability has been introduced for shopping and listing transactions conducted on social media platforms. Accordingly, platforms are obliged to report sales and their parties to the Revenue Administration.
Tax Era on Social Media
Along with the development of technology, sales made on social media platforms rather than websites have increased significantly. With this increase, new tax liabilities regarding these commercial activities have also come to the agenda.
Legal Regulation and Communique
Previously, there was no clear legal regulation regarding commercial activities on social media. The new communique published by the Ministry of Treasury and Finance within the scope of the Tax Procedure Law filled the gap in this area.
Reporting Obligation for Platforms
With the new communique, various legal responsibilities have been imposed on social media platforms. In listing and sales transactions carried out through platforms, who the tax taxpayer is, the details of the sale, and the parties will now be recorded.
Reporting to the Revenue Administration
Social media platforms have been made mandatory to report these sales and listing transactions to the Revenue Administration and to officially explain the taxable event.
Responsibility of Turkey Representations
This new obligation introduced has entered into force with the publication of the communique. In this context, social media platforms, including their representations in Turkey, are required to report all listings and sales to the Turkish administrative authorities.