In recent days, some cryptocurrency investors have received messages from the Revenue Administration (GİB) stating, "It has been determined that you have earned rental income from housing." While this situation caused confusion among crypto investors, GİB made an official statement on the subject and clarified the situation.
Incorrect Classification and Rental Income Notification
According to the statement made by GİB, in some crypto asset transactions, payments were classified as "rental payment" by bank systems. While this situation was caused by banks' transaction categorization errors, as a result, the Revenue Administration evaluated these transactions as rental income and sent informative SMSs to the relevant persons.
GİB stated that it sent routine information messages to potential rental income taxpayers before the income tax declaration period that will start on March 1. However, due to incorrect classifications, cryptocurrency investors were also included in this notification.
Statement from GIB: Those Who Don't Have Rental Income Should Ignore SMS
In its statement, GIB emphasized that people who don't actually have rental income subject to declaration should not consider these SMSs. At the same time, it underlined that banks and users should choose the correct payment type when making transactions in order to prevent such erroneous situations.
Although the fact that transfers from cryptocurrency exchanges are incorrectly seen as rental income does not create a tax liability for users, it stands out as a point that should be taken into consideration in order for the process to work more healthily.
Author: Besim Şen
