Turkey to Implement 003 Transaction Tax on Cryptocurrency Trading

Finance Minister Mehmet Simsek announced on June 5th that Turkey is committed to ensuring fairness and efficiency in taxation by not leaving any area untaxed. The ruling party, under the leadership of President Recep Tayyip Erdogan, is likely to approve the new tax legislation as they hold a majority in parliament. Despite previous challenges and opposition to transaction taxes, it is expected that there will be political debates and controversy surrounding this issue once again.