On 31 May 2022, the Turkish Ministry of Treasury and Finance issued a General Communiqué No. 538 on the Tax Procedure Code (the Communiqué), which contains principles and procedures regarding the continuous reporting of certain information for property listings published on the internet. The Communiqué was published in the Official Gazette dated 31 May 2022 and entered into force on the date of publication.
This Alert summarizes the key provisions regarding the information reporting process.
Parties subject to continuous reporting
Intermediary service providers, social network providers, and hosting providers that mediate the publication of movable and immovable properties, goods and services listings for purchase, sale, or rental, are required to report certain information pertaining to the said transaction and the publisher (service recipient).
Information to be reported
Internet address(es) where the service is provided
Name, surname/title, TCKN/YKN/VKN information, and workplace address information of real or legal persons that received the service
Amount and date of each collection or sale transaction regarding the sales/rentals of movable, immovable, goods and services performed on behalf of the service recipient, and the bank account information regarding the payment of the collected amounts to the intermediary service providers
Other information to be announced by the Turkish Revenue Administration
Information should be reported to the Turkish Revenue Administration through the electronic information transfer system, BTRANS.
Format and standards of reporting will be announced by the Turkish Revenue Administration through BTRANS.
Information should be reported on a monthly basis.
Information pertaining to a month must be reported by the last day of the following month.
First reporting deadline
Those who are subject to continuous reporting are responsible for the correctness of the information that they report through BTRANS. The information should be reported in the proper format, standards and methods that are determined by the Turkish Revenue Administration. Information reported in any other format, standards or method would not be accepted and in such a case reporting would be regarded as not performed.
For additional information with respect to this Alert, please contact the following:
Kuzey Yeminli Mali Müsavirlik A.S., Istanbul
Ernst & Young LLP (United States), Turkish Tax Desk, New York