in Turkey cryptocurrency While investors are wondering about the taxes planned to be introduced regarding cryptocurrencies Minister of Treasury and Finance Mehmet Şimşekannounced that tax studies on the stock market were postponed to a later date.
There was a new development regarding taxes today.
According to Bloomberg, cryptocurrencies and stock markets were included in a large tax package of 226 billion TL that the government is working on.
While the draft study, seen by Bloomberg, was considered “the biggest revision of the recent period”, it was stated that the regulations would mainly target companies.
Bloomberg with new regulation 3.7 billion TL of which is from cryptocurrencies, He stated that it is aimed to provide additional resources of 226 billion TL in total.
While it is stated in the news that the Ministry of Treasury and Finance will impose a tax on cryptocurrency trading in order to increase the value of the Turkish Lira and protect against high inflation, investors are considering a 0.03 percent transaction tax on cryptocurrency trading.
Bloomberg in the draft cryptocurrencies Regarding taxation, he wrote that 2 different taxation formulas were proposed.
Accordingly, the first of these is to apply a transaction tax at a rate of 3 per ten thousand on purchases and sales, and the other is to collect income tax on the income obtained from purchases and sales.
According to calculations, if a transaction tax is imposed on cryptocurrencies, the annual tax return is targeted to be 3.7 billion TL.
*This is not investment advice.
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