Bloomberg, a US media outlet, claimed that the Treasury and Finance Department is preparing a major tax bill to cover the damage caused by last year’s earthquakes. This tax law, which will mostly target companies, is expected to generate a total of $7 billion (TL 226 billion) in additional revenue.

In the news, it was stated that the person who has direct information on the subject specifically requested that his identity not be disclosed, while the minister Mehmet Şimşek’s tweet that the new tax law could come through X was emphasized.

3-per-10,000 tax on crypto

The ministry, which plans to collect at least 15% income tax from multinational companies in Turkey, will see an extra input of 40 billion TL next year. While 90 billion TL is expected from the tax regulation to be applied to Turkish companies, companies operating in cryptocurrency-oriented activities were not forgotten.

Although many statements have been made recently that there will be no tax in the crypto area, it was written in the news that a tax of 3 per 10,000 is planned to be levied on crypto transactions. It was stated that the additional revenue expected from this is 3.7 billion TL.

Bloomberg had recently reported, based on AK Party officials, that a tax on profits in stocks was also planned.