Tax Authority Clears Confusion Over Rental Income Notifications for Crypto Investors – BitRss

The Revenue Administration (GİB) has clarified claims that some cryptocurrency investors received bank transfers categorized as rental income. The authority stated that they sent SMS notifications to taxpayers for informational purposes, but some transactions resulted from incorrect reports. It emphasized that transfers mistakenly perceived as rental income do not create any obligation for investors.

Bank Errors Misled Taxpayers

Before the income tax declaration period starting on March 1, GİB sent SMS messages to inform taxpayers who need to declare rental income. However, these messages are only relevant for individuals truly earning rental income.

GİB Cryptocurrency SMS Notification

Incorrect categorization by senders or erroneous bank reports led to some payments being recorded as rental income. It was determined that payments received by certain crypto traders were also mistakenly reported as rental income. GİB noted that these errors are being i…