What Taxes Do I Have to Pay When Doing E-Commerce?
You are required to declare your tax status with the declarations that you will give in certain periods related to your business affairs.
Which types of taxes should you declare?
Merchants (traders) are taxpayers of the following three types of taxes.
Income or Corporate Income Tax
It is a tax that is usually levied on one year’s earnings (profit) and IRAT in the following year.
If you are registered as a sole proprietorship, you will pay Income Tax, if you are registered as a company, you will be a Corporate Tax payer.
Temporary Tax Due on Income or Corporate Income Tax
Temporary tax, also called “Advance Tax” among the people, is a tax that is received in advance for four periods during the year to be deducted from the income or corporate tax that you will give Decently the next year.
Merchants who are taxpayers of income or corporate taxes also become temporary taxpayers by themselves.
Value Added Tax
The delivery of the good is a type of tax levied on the value that participates in that good or service at the stage of construction of the service.
You become a Value Added Tax payer as the person/ company delivering the goods you sell or the person / company performing the service you sell.
When Will You Submit Which Declarations?
You are required to submit the above-mentioned declarations on the following dates:
Income or Corporate Income Tax
Except for special cases, the income tax return for a year is submitted electronically between March 1 and Dec. 25 of the following year. For example, The Income Tax Return for 2015 is submitted between March 1- Dec 25, 2016.
Dec APR. Corporate tax return for a year, except for special cases, is given between April 1-25 of the following year. April Dec. 2015 Corporate Tax Return for example, the Corporate Tax Return for 2015 is given between April 1-25, 2016.
Temporary Tax Due on Income or Corporate Income Tax
The provisional tax return must be submitted electronically in quarterly periods until the 14th day of the second month following the quarterly period.
January February March May 1st temporary tax period of 2015 is a 3-month period covering the months of January-February-March for example, and the temporary tax return for this period should be submitted between May 1 and May 14, 2015 Dec.
June August August May June 2015 is a 3-month period covering the same period and the temporary tax return for this period should be submitted between August 1 and August 14, 2015. apr.apr.apr.apr.apr.apr.apr.apr.apr.apr.apr.DecApril 2015 is the period of 3 months.
Value Added Tax
Value added tax (VAT) must be given electronically in one-month periods until the 24th day of the month following the relevant month.
February January is the 1st VAT period of 2015 and the VAT declaration for this period must be submitted between February 1st and February 24th Dec 2015.
March February 2nd of 2015 is the VAT period and the VAT declaration for this period must be submitted between March 1st and March 24th Dec 2015.
What is a Concise Declaration?
You are required to deduct income or corporate taxes from various payments made by your individual business or company to certain people or institutions (for example: wages, rent, dividends, interest, commissions, premiums, etc.) by the people or institutions you pay to.
If you have made such a deduction, a “Concise Declaration” is used to declare and pay these deductions.
A concise declaration showing the tax deductions made in this context must be submitted electronically by the 23rd day of the month following the relevant month or three months in the case of monthly or quarterly periods.
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