Turkey postpones capital gains tax on stocks and cryptocurrencies

ChainCatcher news, according to Bloomberg, Turkish Vice President Cevdet Yilmaz stated that Turkey has decided not to advance additional tax proposals this year, which would impose capital gains tax on stock trading and cryptocurrency. Yilmaz said, "There is no stock tax on our agenda. We discussed this issue before, but it was not included on the agenda later. Officials will focus on narrowing the tax-exempt scope in the near future." Earlier this year, the initial plan to impose capital gains tax on the stock market put pressure on the stock market. After facing strong public opposition, Turkish Finance Minister Mehmet Simsek stated in June that this work would be "reassessed."