Mehmet Şimşek Gave the Good News! "No Tax on Cryptocurrencies!"

While the issue of taxation of cryptocurrencies is being closely followed by Turkish investors, Treasury and Finance Minister Mehmet Şimşek stated that stock market and cryptocurrency taxes are off the agenda.

Speaking to the Economy newspaper, Mehmet Şimşek said that a package aimed at increasing or decreasing general tax rates was not on their agenda.

Minister Şimşek said the following regarding the tax package expectations:

“The issue of taxation of stock exchanges and cryptocurrencies is off our agenda.

“In the new legislative period, we will not have a tax package aimed at increasing or decreasing general tax rates. As we stated in the OVP, we will continue to review tax exemptions and reductions from an efficiency and effectiveness perspective.”

*This is not investment advice.