Treasury and Finance Minister Mehmet Şimşek announced that there are no plans to tax profits from stocks and crypto assets.
“We have no plans to tax profits from stocks and crypto assets. Only a very limited transaction tax is on our agenda.”
While this statement of Minister Şimşek was welcomed positively by investors, it also caused the markets to relax. Especially cryptocurrency investors were worried that these tax practices could reduce interest in the sector. Şimşek's statements reveal that the current taxation policies will be maintained and no new regulations will be made in this area.
In addition, the scope and details of the limited transaction tax brought up by Minister Şimşek have not yet been clarified. It remains to be seen what kind of impact this form of taxation will have on the markets.
