Cointime

Download App
iOS & Android

Turkey Removes Cryptocurrency Tax Provision Initially Proposed at 0.3% Transaction Tax

On March 29, the Turkish Parliament removed the tax provisions related to cryptocurrency assets during the review of a comprehensive bill. The provisions had initially proposed a 0.3% transaction tax on cryptocurrency trades conducted through service providers and a withholding tax on cryptocurrency gains. This adjustment was made in response to strong opposition from the opposition parties. Officials stated that the related content may be reintroduced in the future as separate legislation.

Comments

All Comments

Recommended for you