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TURKEY: Simsek Says Proposed Tax Plan on Stocks Being Re-Evaluated

TURKEY
  • Simsek's has posted the following on X: "The package containing tax regulations aimed at increasing efficiency and justice in taxes and reducing informality will be presented to the Turkish Grand National Assembly soon. 
  • "A meeting was held to re-evaluate the draft tax study for the stock exchange in line with the feedback from all relevant parties."
  • Simsek is likely referring to the 0.01-0.02% transaction tax on stock trading which Vice President Yilmaz said Turkey was studying.
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  • Simsek's has posted the following on X: "The package containing tax regulations aimed at increasing efficiency and justice in taxes and reducing informality will be presented to the Turkish Grand National Assembly soon. 
  • "A meeting was held to re-evaluate the draft tax study for the stock exchange in line with the feedback from all relevant parties."
  • Simsek is likely referring to the 0.01-0.02% transaction tax on stock trading which Vice President Yilmaz said Turkey was studying.