Planned Crypto Tax in Turkey Canceled as Government Shifts to Economic Reforms

Turkey has abandoned plans for a new tax on stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz.

He confirmed that while the proposal had been discussed, it is no longer on the government’s agenda, allowing a shift in focus toward reducing tax exemptions. This decision comes amid concerns about stabilizing the economy and tackling inflation. Which currently stands at 52%. Yilmaz emphasized that improving public finances and adjusting offshore swap regulations. To enhance lira liquidity are key priorities in the government’s broader economic reform strategy.

Clever Robot News Desk 28^th September 2024