Tax Exemption for Those Who Produce at Home and Sell Online
One of the habits that changed during the pandemic period was the way people did business. During this period, many people use the products they produce at home…
One of the habits that changed during the pandemic period was the way people did business. During this period, many people use the products they produce at home…
During the pandemic period One of the changing habits was the way people did business. During this period, many people began to sell the products they produced at home online. In addition, it is already the main source of income for many of our citizens. produce at home These were the products they sold on the internet.
Presented to the Turkish Grand National Assembly yesterday Bill on Amendments to the Unemployment Insurance Law and Some Laws An ingredient in it will make these people smile. According to Article 10 of the proposal, people who sell things they produce at home over the internet will receive tax exemption of up to 220 thousand TL.
No income tax on home sales
Persons mentioned in the law, Up to 220 thousand TL will not pay income tax. If they exceed this figure, they will have to pay a 4% income tax. Law only self-producers intermediaries and buyers and sellers will be excluded from tax exemption.
Earnings from goods exports 50% part It can also be deducted from income by reporting it in the income tax return. The employment status of businesses that want to benefit from this discount will also be checked.
In the focus of the package Covid-19 It aims to find solutions to employment problems and increase employment by providing tax exemptions to businesses during the period. Within the scope of the bill More than 20% to businesses that will go public A 2 point reduction in corporate tax will be possible for 5 years. The President will have the authority to reduce this tax by 5 points.
Chance to benefit from peace of mind
Tradesmen Ahilik Fund It would be implemented from 2021. With the new regulation, this deduction will also be to 2024 It was announced that it was postponed until. In addition, those who bring their investments such as gold, money and foreign currency abroad into the country peace of existence will be included and will not be subject to tax audit.
Securities and sharesCapital market instruments such as i can also be brought to our country in this context. Income or corporate taxpayers will be able to record in legal books the money, gold, foreign currency, securities and capital instruments they own but are not included in the records of their businesses in Turkey.
Every business is unique. Let’s explore how we can tailor these ideas to your own digital project.
