Turkey’s Vice President Rules Out Additional Taxes on Stock Trading and Cryptocurrency Profits
According to BlockBeats, Turkish Vice President Cevdet Yilmaz announced on September 25th that Turkey is not considering additional tax plans this year. This statement dismissed the possibility of taxing stock trading profits or cryptocurrency gains.
Speaking to Bloomberg, Yilmaz stated, “There is no stock tax on our agenda. It was discussed before, but it is no longer on our agenda.” He added that in the near future, officials’ focus will be on narrowing tax exemptions.
In earlier discussions, an initial plan was proposed to tax stock market profits, which served as a popular way for retail investors to combat inflation. This plan met significant public opposition, prompting Turkey’s Finance Minister, Mehmet Simsek, to reveal in June that the proposal would be “re-evaluated” at a later time.
[Source](https://m.theblockbeats.info/news/264704)