Expected Happened: Two Taxes are Coming to Cryptocurrencies!
The situation that has been talked about and expected for years has finally happened. The Revenue Administration brings two different taxes for cryptocurrencies. Here are the details!
While cryptocurrency regulations are being discussed all over the world, a very serious claim about Turkey has started to circulate. According to the claim, the Revenue Administration will introduce two taxes for cryptocurrencies.
One of these tax items is said to be “zero deduction rate”. Prof. Dr. Murat Batı, a faculty member at Ondokuz Mayıs University, announced the first news about this study on social media. With the announcement, he said that one of the transaction taxes will come soon.
Cryptocurrencies Will Not Be Sent Abroad
Murat Batı said that cryptocurrencies will be taxed through tax deduction, while Habertürk provided more information on the subject. According to Habertürk, the Revenue Administration is considering introducing a 5% BITT (Bank and Insurance Transactions Tax) for cryptocurrencies.
Apart from this tax, measures will also be taken to take cryptocurrencies abroad on different platforms. Taxes will be imposed through tax deductions to prevent the smuggling of earnings abroad.
In this way, those who smuggle their earnings abroad will be obliged to file a declaration. But the tax deduction rate will remain at zero.
