Vice President Announces Whether to Raise Taxes on Exchanges and Cryptocurrencies
September 24, 2024
0
Cryptocurrencies have been on Turkey’s agenda for a long time. A few months ago, we saw the law on cryptocurrencies come into effect. This regulation did not impose
Cryptocurrencies have been on Turkey’s agenda for a long time. A few months ago, we saw the law on cryptocurrencies come into effect. This regulation did not impose any taxes. However, the ministry’s statements indicated that we may see taxes on the stock market and crypto in the future.
While he wonders whether there will be taxes or not, today the vice president By Cevdet Yilmaz explanation came. Yılmaz, investors good news gave.
There is no tax on stock markets and cryptocurrencies for the time being
Yılmaz spoke in an interview with Bloomberg about the possibility of a stock market and crypto tax. The vice president indicates that this possibility has been discussed for a while, but later fell off their agenda stated:
“Stock tax is not on our agenda. It was discussed for a while and fell off our agenda. At the same time, crypto tax is not on our agenda. Our main focus in the coming period is to limit the exceptions and exemptions as much as possible. From now on, we do not have to expect many changes in the general tax rates and the statutory tax rates. “We have no plans to make a similar arrangement this year as the first package.”
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.