Preparing new tax package. Digital services from the new tax package will also have its share. What is waiting for us within the scope of digital service tax?
The new tax package includes new taxes in many different areas, including US technology companies. Digital Service Tax will affect US internet giants the most. Particularly Google, Facebook and the company’s future tax details also continued its operations in Turkey, such as Amazon.
Prepared according to the package Turkey in the coming period, the technology giant to offer services to users over the Internet, corresponding to 7.5 percent of their income services Digital Service Tax to be taken.
Many technology giants, including shopping on the internet, advertising, games and applications you buy with money, music and film platforms, are covered by the digital service tax.
Last summer, for the first time prepared similar to the tax imposed by France to implement Turkey, so as to obtain a significant income. Of course, this revenue can be reflected to consumers by brands. After the VAT decision previously taken, VAT amounts were added on the amounts of digital ads. 7.5 percent of the newly added service tax may also be added to service prices as a result.
Also in the new package, the President will be authorized to increase this tax up to 1 per cent or twice the current amount.
Digital Service Tax seems to be applicable to giant digital services in our country. The application will be applied to companies that earn at least TL 20 million or a revenue of € 750 million globally. In other words, we can say that taxes will be applied to US technology giants in general.
What do you think about these developments?