New Statement from Minister Mehmet Şimşek Regarding Taxation of Cryptocurrencies!

Minister of Treasury and Finance Mehmet Şimşek made a new statement regarding the taxation of cryptocurrencies.

Last week, the Plan and Budget Commission of the Turkish Grand National Assembly met to discuss the bill regarding regulations regarding cryptocurrencies. In parallel, according to the news made by Türkiye Newspaper, Mehmet Şimşek touched on cryptocurrencies while making a presentation about the economy to the participants at the AK Party's consultation meeting in Kızılcahamam.

While the tax issue on cryptocurrencies is eagerly awaited in Turkey, Şimşek made the following statements in the presentation:

It is the same in the world, if an income is generated, there should be a tax on it. Crypto assets, publicly traded assets, investment funds, etc. need to be disciplined.

While legal studies for cryptocurrencies were continuing rapidly in Turkey, the future of two separate tax and declaration obligations had come to the fore.

AKP Group Chairman Abdullah Güler said, "There is currently no taxation in our proposal" and 1% for the CMB; He stated that they envisaged a revenue model of 2% in total, with 1% for TÜBİTAK.

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