While cryptocurrencies were included for the first time in the Presidential Annual Program regarding the Turkish economy, new statements were made regarding taxation.
Contains targets and policies regarding the Turkish economy “2024 Presidential Annual Program” It was published in the Official Gazette. While cryptocurrencies were included in the one-year program for the first time First signals that taxation is on the way came.
In the program published by the Strategy and Budget Directorate of the Presidency of the Republic of Turkey, as well as many details in the economic field, Taxation related to cryptocurrencies announcement was included.
In the program, “Legislative studies will continue regarding transactions made using virtual assets that represent a digital value that can be bought, sold and transferred digitally..” The following sentences were used while making statements:
For the taxation of digital virtual assets, studies will be completed to define these assets in the Turkish legal system.
On the other hand, the Ministry of Treasury and Finance to crypto asset service providers It was stated that regulation work would be carried out accordingly.
While the growth rate for the Turkish economy is predicted to be 4% in 2024, it was emphasized that the inflation target is 33%.