🔴 Tax on cryptocurrencies in Turkey after the election:
First of all, the tax is now definitely expected, Mehmet Şimşek stated in his interview that the tax will come after the elections.
He emphasizes that he prefers "regulation" rather than prevention.
• 𝗣𝗲𝗸𝗶 𝗻𝗮𝘀ı𝗹 𝗯𝗶𝗿 𝘃𝗲𝗿𝗴𝗶𝗹𝗲𝗻𝗱𝗶𝗿𝗺𝗲 𝗼𝗹𝘂𝗿, 𝗯𝘂𝗻𝘂 𝗱𝗶𝗴̆𝗲𝗿 𝘂̈𝗹𝗸𝗲𝗹𝗲𝗿 𝗶𝗹𝗲 𝗸ı𝘆𝗮𝘀𝗹𝗮𝘆𝗮𝗹ı𝗺
Because I think our country will pass laws using these as criteria.
1-) In South Korea, 20% income tax is collected from the earnings.
2-) United Kingdom, crypto gains over £6,000 are subject to capital gains tax. Capital gains tax of up to 20% applies.
3-) Germany: In Germany, cryptocurrencies are classified as private property and therefore subject to income tax.
Digital assets held for more than one year are not taxable: Individual long-term crypto assets are tax-free in Germany. In contrast, if a person sells their digital assets within a year, they will be liable to pay income tax of up to 45%, depending on the tax bracket.
Profits under 600 euros are also tax-free: Profits from sales of digital assets under 600 euros are not subject to tax in Germany.
