An economy official announced on Wednesday that Turkey has nearly completed its efforts to implement a transaction tax on the buying and selling of stocks and crypto assets. This move is one of several tightening measures spearheaded by Finance Minister Mehmet Simsek to enhance fiscal discipline and price stability following years of turbulence, which contributed to a significant increase in inflation. Simsek has previously mentioned the government’s plans to introduce a minimum corporate tax regulation as part of its broader initiative to create a more equitable tax system.
Additionally, President Tayyip Erdogan’s ruling party recently introduced a draft law in parliament that includes provisions for licensing and registration requirements for providers of crypto asset services.
