Taxation of Crypto Assets and Exchanges in Turkey

Taxation of Crypto Assets and Exchanges in Turkey

Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, made significant statements during the “Global Investment Days” program organized by the International Investors Association (YASED). Responding to questions about the taxation of crypto assets and exchange transactions, Şimşek stated that they are not currently considering taxing gains.

Mehmet Şimşek’s Statements

Minister Şimşek made the following remarks regarding the taxation of gains from crypto assets and exchange transactions:

Taxation Methods

“We have not currently considered taxing gains from crypto assets and exchanges. More likely, there might be a very limited fee or taxation on a transaction basis.”

Parliament Decision and Justice

“It wouldn’t be appropriate for me to comment on the rate, as that is at the discretion of our Parliament. Our agenda focuses more on justice and efficiency in taxation. In this context, our goal is not to leave any area untaxed.”

Future Goals

“Therefore, we have not considered taxing gains from crypto assets and exchanges at this point. More likely, there might be a very limited fee or taxation on a transaction basis, but these are matters for our esteemed Parliament to decide. It would not be appropriate for me to say more at this stage.”

Crypto Assets and Taxation: Turkey’s Approach

The issue of taxing crypto assets and exchange transactions in Turkey is an important agenda item for both investors and industry participants. Minister Şimşek’s statements provide significant clues about how regulations in this area might take shape.