By the decision dated 19.07.2023 and numbered 39225 by the President of the Information Technologies and Communication Authority (BTK), it was ruled to prohibit advertising for the social network named “#Twitter,” which is provided by #XCorp, in accordance with the obligation envisaged in Article 4 of the same decision and due to non-compliance with the temporary Article 6. The decision came into effect with its publication in the Official Gazette numbered 32255 dated 21.07.2023.
Within the scope of the decision, individuals and legal entities resident in Turkey who are taxpayers are prohibited from placing new advertisements on Twitter. Within this scope, new contracts cannot be established and related monetary transfers cannot be made. In addition, individuals and legal entities resident in Turkey who violate the advertising ban may be subject to administrative fines ranging from ten thousand Turkish liras to one hundred thousand Turkish liras, as determined by the President of BTK.
In addition to administrative fines, expenditures made in violation of the advertising ban, payments that are not accepted as expenses according to Income Tax Law Article 41/11, and deductions not allowed according to Corporate Tax Law Article 11/1/j will be considered.
Finally, it has been assessed that advertising contracts made before the decision date of 19.07.2023 will not be affected, and it is recommended not to enter into any advertising contracts after the decision within the scope of tax legislation.