Online Real Estate Listings Will Be Reported to the Revenue Administration!

An obligation to notify the Revenue Administration (GİB) regarding advertisements placed through e-commerce intermediary service providers, social networking sites and hosting service providers has been introduced.

The General Communiqué on the Tax Procedure Law (No. 358), prepared by the Revenue Administration under the Ministry of Treasury and Finance, has been published in the Official Gazette and entered into force.

KEY PROVISIONS:

• E-commerce intermediaries, social network providers and hosting service providers that facilitate the purchase, sale or rental of movable/immovable property and services must report relevant advertisements to the Revenue Administration on a monthly basis.

• The information to be reported includes the URL of the advertisement, the name/surname, title, TR identity number, tax identification number, and business address of the advertiser, sales/collection amounts made on behalf of advertisers, and other details to be determined by GİB.

• GİB may also request more detailed information about the real estate advertised.

• Non-compliant parties will be penalised.

• Citizens must also provide the information required to be reported to GİB to the platforms on which the advertisements are published.

• The first reporting: by 1 August for advertisements placed in June for the first time, and by 31 August for those currently active. Subsequently, notifications for advertisements in each month must be submitted by the end of the following month.