Adsense Tax - Setting Up a Sole Proprietorship | GUIDE

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Before Starting Note: Please do not send private messages about the subject, ask your questions here so that everyone can benefit. Before Starting Note 2: This article is specifically written for individuals who earn income through Adsense or small-scale web design, coding, graphics, etc., and do not employ workers, intending to open sole proprietorship businesses. Before Starting Note 3: The article is written for 2019. Tax rates and fees may vary in 2020 and beyond. As you may already know or will find out soon; towards the end of 2018, the tax authorites began monitoring those earning income from Adsense and still continue as of 2019. Bank accounts are scrutinized for the amounts coming from Google Ireland Limited, and those who earn regular income and are not currently taxpayers are individually summoned to tax offices. The tax authorities examine the past 5 years' account transactions retrospectively. For your earnings through Adsense or other advertising companies, a significant amount of debt is incurred with %18 VAT + %22 Income Tax along with penalties. That's the summary of the situation. "We are already earning a few cents a month, are they even looking into that?" you may ask. I do not exactly know if there is a minimum threshold for review, or at what amount they initiate the review process, nobody knows for sure. But what I do know is, if you are earning REGULAR and CONSISTENT income through your advertising revenues or any service provided via the internet (such as selling followers, SEO services, etc.), regardless of the amount, there is a risk of review. I would like to say, "Reviews are not conducted below a certain threshold, so don't worry," but I cannot take that responsibility. There are those in forums who write reassuring messages about this. Some even claim that Adsense earnings are exempt from tax or that you are not responsible for double taxation. There is no such thing, my friends. You cannot convince anyone at the tax office about this matter. In the eyes of the tax authorities, income from Adsense or services provided over the internet are commercial transactions and subject to taxation. Therefore, do not pay attention to those who say, "Nothing will happen...," take precautions to avoid regret later. How will you take precautions? By establishing a sole proprietorship and becoming a taxpayer. Opening a sole proprietorship is easy. Do not be afraid to open one. Closing it is easy too. So, if you find the tax burden heavy, or if it becomes expensive because of the lining, you will close your company, put your dream of making money online on hold, and look into other opportunities. If you ask if it is logical to open a sole proprietorship, if after deducting expenses and taxes you have at least a minimum wage amount left in your hand, then yes, it is logical. When compared to working at a factory every day from 08:30-17:30 and doing a job at home in a warm environment, where you can work at your desired times, you will understand why it is logical. If you have no money left, do not seek further adventures, if you have a profession, pursue it. Anyway, I have rambled on too much. Let's get to the issue of how to open a sole proprietorship...

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