Türkiye’s government has decided against taxing profits from cryptocurrency and stock market trading. Vice President Cevdet Yılmaz announced that the proposal for a levy on these trading profits has been shelved, stating, “The stock market tax is not on our agenda.” He confirmed that this also applies to any taxation of cryptocurrency earnings.
Following this announcement, the Istanbul stock exchange reacted positively, with the blue-chip BIST 100 index increasing by 1.44% on the news, and further gains were observed on September 25.