Turkey's ruling AKP preparing to tax social media influencers, YouTubers

The ruling AKP on Oct. 1 presented a bill to parliament that seeks to enforce tax payment on YouTubers for their advertisement revenue. The draft bill includes all digital content creators alongside YouTubers, subjecting their revenues to a 15-percent tax rate.

Friday October 01 2021 04:18 pm

Duvar English

Turkey's ruling Justice and Development Party (AKP) on Oct. 1 presented a legislative proposal to parliament that envisages tax payment for the advertisement revenue of social media influencers and online content creators, online news portal T24 reported.

Accordingly, YouTubers' advertisement revenue will be considered taxable commercial revenue under the new legislation, and the taxes will be taken through the banks used by the content creators.

The draft bill includes all digital content creators alongside YouTubers, subjecting their revenues to a 15-percent tax rate.

Another regulation in the bill concerns tax exemptions that will be granted to small business owners like tailors, hairdressers and shoe repair shops, which will affect 850,000 small businesses.

With this move, the AKP is preparing to save business owners of around 750,000 Turkish Liras in income taxes as of 2021.