Boost

<p>The post <a href="https://coinpedia.org/crypto-live-news/turkey-makes-significant-tax-reforms-to-boost-revenue/">Turkey Makes Significant Tax Reforms To Boost Revenue</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Turkey made significant tax reforms to boost revenue after facing earthquakes last year. The new measures are projected to bring in an extra 226 billion liras for state coffers, equating to around $7 billion or 0.7% of Turkey’s GDP. The government is planning to introduce a 0.03% tax on crypto trading. This crypto tax could rake in an annual 3.7 billion liras. These tax reforms signal Turkey’s determination to get its fiscal house in order amidst its major economic turmoil. President Erdogan’s party has introduced regulations for crypto service providers to enhance compliance with global standards.</p>

Turkey Makes Significant Tax Reforms To Boost Revenue

CoinPedia News

Other articles published on Jun 14, 2024

Bitcoin (BTC) Price May Hit $1 Million – Alliance Bernstein.

Pandora And Animoca Brands Join To Launch Dune404 NFT Collection On Magic Eden

Why This Is The Right Time To Buy Bitcoin and Gold – Bloomberg

Binance Announces Support For $ASI Token Merger Of $FET, $AGIX, $OCEAN

Top 4 Crypto Presales: Driving the Evolution of Cryptocurrency Markets

What Cryptos to Mine in 2024: BlockDAG, Bitcoin, Monero, Litecoin, Dogecoin and Ethereum Classic

Join our free newsletter for daily crypto updates!