Cryptocurrency Lending current situation

(March 24, Tuesday) The proposal was brought to the agenda, but it could not be discussed due to insufficient majority.

Discussions are expected to resume today (March 25, Wednesday) at 14:00.

#The likelihood of voting on cryptocurrency items today or within this week is quite high.

Key Items of the Proposal in Its Form Passed by the Commission Transaction Tax (Cryptocurrency Asset Transaction Tax) A tax of 0.03% (0.03) is imposed on sales and transfer transactions made through SPK licensed platforms.

The tax will not be collected directly from investors, but by the platforms.

The President may reduce this rate to zero or increase it up to 15 (0.15).

Withholding Tax on Gains A 10% withholding tax will be applied to trading gains obtained on platforms subject to SPK.

This withholding tax will be deducted by the platforms in quarterly periods and will be the final tax.

Investors will also not need to file a declaration (cost calculation will be made using the FIFO method).

Definition of Cryptocurrency Assets and Other Gains Cryptocurrency assets will be defined as "intangible rights" and taxed under the capital gains category.

Gains obtained from platforms that are not SPK licensed (such as global exchanges) will be subject to income tax with an annual declaration → progressive rates of 15% to 40% may be applied.