Gold banking activities and taxation hereof In Turkey

Abstract

Gold, which has undertaken various tasks in different periods of time, has been a serious investment tool in modern times. Jewelers which have been the main factor of gold market have encountered with some alternatives over time. Banks are one of these alternatives. Previously having conducted gold-related transactions over deposit accounts, Banks later aimed at physical gold accounts.

In this study, the historical process of gold banking sector and an overview of gold market in Turkey will be emphasized. Furthermore, the study will point out the taxation method for the income obtained from the gold banking, which is core objective of the study.