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640,000 lira limit for phenomena

The regulation on the tax package came into force after it was published in the Official Journal. The law also includes tax regulation for the producers of social media content in the package. Accordingly, a limit of 640,000 lira was imposed on the phenomena.

The tax package, which is closely related to many parts of society, was published in the Official Gazette and came into force.
The law also created tax rules for social media phenomena and mobile device application developers.
With the regulation, people who earn from sharing and content on social media pay 15 percent withholding tax on their income up to 640,000 lira.
The withholding tax reductions are made by the banks; an annual declaration is not required.
Income in excess of Lira 640,000 is included in income tax.
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