Türkiye has been discussing the cryptocurrency law for a long time. The issue has now been presented to the Turkish Grand National Assembly. Among the most curious topics in the law articles was the taxation of cryptocurrency units. The issue was not clearly regulated there. Today, Minister of Treasury and Finance Mehmet Şimşek made statements regarding the matter.
Finance Minister Mehmet Şimşek’s Statement on Cryptocurrency Taxes
Minister of Treasury and Finance Mehmet Şimşek made a statement today, providing information on the implemented austerity measures. Explaining the new measures taken to reduce the current account deficit and inflation, Mehmet Şimşek emphasized that they have cut investment allowances and that deputies should act considering these measures.
In his statement, Şimşek mentioned that a new study will be conducted for the income obtained from cryptocurrency units and transactions made on the stock exchange, and that taxes will be collected from these incomes. Mehmet Şimşek used the following expressions in his statement:
“It is the same worldwide; if an income is obtained, it should be taxed. Cryptocurrency units, assets traded on the stock exchange, investment funds, etc., need to be disciplined.”
