{"id":7347,"date":"2023-11-28T17:10:51","date_gmt":"2023-11-28T17:10:51","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7347"},"modified":"2024-03-27T12:24:20","modified_gmt":"2024-03-27T12:24:20","slug":"stock-foreign-exchange-earnings-tax","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/stock-foreign-exchange-earnings-tax\/","title":{"rendered":"Additional Tax on Stock and Foreign Exchange Earnings!"},"content":{"rendered":"<p>Additional Tax on Stock and Foreign Exchange Earnings! A significant regulation, which closely concerns the finance world in Turkey, is on the way. The tax burden of those who have a <strong>foreign currency account<\/strong> in the bank, who earn income from the Treasury&#8217;s <strong>foreign currency papers,<\/strong> and those who earn <strong><a href=\"https:\/\/coinengineer.net\/blog\/london-stock-exchange-opens-doors-to-bitcoin-and-ethereum-etns\/\">profits from stocks<\/a><\/strong>, can increase from the current 30% to up to 40%.<\/p>\n<p><em>According to the claim of S\u00f6zc\u00fc newspaper, the AK Party government plans to empower the President to apply taxes of up to 40% on income from <\/em> <strong>Eurobonds and dollar-denominated debt securities<\/strong> and interest and profit shares earned from bank accounts opened in foreign currency, with the 12th article of the Omnibus Bill presented to Turkish Grand National Assembly.<\/p>\n<p>The tax currently levied at 25% can be increased to up to 30%. <em>If the Omnibus Bill is accepted in the parliament, the authority will go up to 40%.<\/em><\/p>\n<p>This regulation, which closely concerns investors, may also steer the Treasury&#8217;s preference towards Turkish Lira bonds. <em>Together with the Omnibus Bill,<\/em> <strong>the President<\/strong> is also given the authority to increase the tax rates applied to profits from stock transactions <strong>up to 15%<\/strong>.<\/p>\n<p>This authority can be used at different rates depending on the issue date of the stock, the issuers, the account opening date, and the type.<\/p>\n<p><a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMNzVxQsw__DcAw?ceid=TR:tr&amp;oc=3\" target=\"_blank\" rel=\"noopener\"><strong>Follow us on Google News to be instantly informed of our content!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Additional Tax on Stock and Foreign Exchange Earnings! A significant regulation, which closely concerns the finance world in Turkey, is on the way. The tax burden of those who have a foreign currency account in the bank, who earn income from the Treasury&#8217;s foreign currency papers, and those who earn profits from stocks, can increase<\/p>\n","protected":false},"author":1,"featured_media":7346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2622,2623,2621,2620],"class_list":["post-7347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-crypto-tax","tag-crypto-tax-turkey","tag-cryptocurrencies-in-turkey","tag-financial-stateturkey"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Additional Tax on Stock and Foreign Exchange Earnings! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Additional Tax on Stock and Foreign Exchange Earnings! 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