Good News for Cryptocurrency Investors in Turkey

Turkish investors are closely monitoring the topic of cryptocurrency taxation, but Treasury and Finance Minister Mehmet Şimşek has made it clear that taxes on stocks and cryptocurrencies are not currently under consideration.

In an interview with the Economy newspaper, Şimşek emphasized that plans to adjust overall tax rates are not part of their agenda, indicating a stable outlook for investors in these markets.

Addressing the expectations surrounding potential tax packages, he stated, “We will not introduce a tax package for increasing or decreasing general tax rates in the upcoming legislative period.”

He further noted that the government will focus on reviewing tax exemptions and reductions, assessing them for their efficiency and effectiveness as part of broader fiscal policy considerations.

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This announcement reassures investors that there will be no immediate changes to the tax landscape affecting cryptocurrencies and stock markets.

Kosta Gushterov