Additional tax on gold: How much tax will be applied to gold purchased from banks?

According to the Presidential Decree published in the Official Gazette, an additional tax will be levied on gold purchased through banks. This decision will take effect on March 17, 2025. So, how much tax will be applied to gold purchased through banks? Here are the details...

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Additional tax on gold: How much tax will be applied to gold purchased from banks?

An important development has occurred concerning citizens who trade gold, as an additional tax has been introduced on non-physical gold purchased from banks. This decision, which had been implemented previously, was revoked 3.5 years ago. So, how much tax will be applied to gold purchased from banks?

HAS AN ADDITIONAL TAX BEEN IMPOSED ON GOLD?

According to the Presidential Decree published in the Official Gazette, as of March 17, 2025, non-physical gold sales transactions conducted through demand deposit accounts without physical delivery will be considered foreign exchange transactions. A foreign exchange transaction tax (KMV) of 0.2 percent (0.002) will be levied on these transactions.

News Source: 12punto

Additional tax on gold: How much tax will be applied to gold purchased from banks?

HAS AN ADDITIONAL TAX BEEN IMPOSED ON GOLD?

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