Turkey removes cryptocurrency tax provisions, originally planned to impose a 0.3% transaction tax

According to market news, the Turkish parliament removed the tax provisions related to crypto assets during the review process of the comprehensive bill. Previously, this provision aimed to impose a 0.3% transaction tax on crypto transactions conducted through service providers and to implement withholding tax on crypto gains.

This adjustment stems from strong opposition from the opposition parties. Officials stated that the relevant content may be resubmitted in the form of separate legislation in the future.