🔥🔥🔥 NEW TAXES ARE COMING FOR CRYPTO CURRENCY: TRANSACTION AND INCOME TAX PROPOSALS‼️
➡️ The government aims to generate an additional income of 226 billion TL with the new tax package it plans to bring to the Turkish Grand National Assembly (TBMM) after the holiday. The proposed regulations envisage increasing the taxes to be paid by both companies and individuals. These regulations aim to create a source of income corresponding to approximately 0.7 percent of Turkey's gross domestic product.
🔥 TAX EXCEPTION IS BEING REMOVED IN THE STOCK EXCHANGE, NEW TAXES ARE COME TO CRYPTO❗️
➡️ With the new regulation, the income tax exemption applied to the gains arising from the disposal of stocks that are not traded on Borsa Istanbul, belonging to fully taxpayer institutions and held for more than 2 years, is abolished. However, Minister of Treasury and Finance Mehmet Şimşek announced that the tax study on the stock market has been postponed for a while to be re-evaluated.
➡️ Regarding the taxation of crypto assets, two different formulas are proposed: Transaction tax at a rate of 3 per ten thousand on purchases and sales or income tax on purchase and sale gains. It is estimated that if a transaction tax is imposed on crypto assets, 3.7 billion TL tax revenue will be generated annually.
🔥🔥🔥 With this new tax package, the government aims to make a significant contribution to the Turkish economy. If these regulations become law, the tax burden of both companies and individuals will increase!