Turkey Suspends Additional Plans to Tax Stocks and Crypto Assets

According to Jinse Finance, Turkish Deputy Prime Minister Cevdet Yilmaz told Bloomberg that Turkey has decided not to proceed with an additional taxation plan that would tax profits from stock trading and cryptocurrency. Yilmaz said, “We do not have a stock tax on our agenda. We previously discussed this issue, but it was not included in the agenda, and officials’ focus in the near future will be on narrowing the scope of tax exemptions.” In June this year, due to news of increased taxes, the Turkish stock market fell, and the Turkish government decided to postpone the implementation of the stock taxation plan.