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Exchanges

Turkish Users Faced Surprise Tax Concerns on Withdrawals Made on Binance TR

NBTCBy NBTC28/02/2025No Comments2 Mins Read

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Some withdrawals made by Turkish users from the cryptocurrency exchange Binance TR to their bank accounts appeared as rental income on the e-Government platform, causing confusion among users.

According to some posts made on X, when users make withdrawals, even if they have lost money in cryptocurrency transactions, the withdrawals are seen as rental income in the system. The issue may have arisen from the fact that Binance TR may have made some withdrawals as “rent payments”. However, no official statement has yet been made from the exchange.

Let us remind you that this issue concerns users of Binance TR, the Turkish branch of Binance. Users who live outside of Türkiye and are not Turkish citizens do not need to take any action.

Users can follow the steps below to find out whether their past withdrawals from Binance TR are showing as rental income:

  1. We log in to e-Government and search for “Digital Tax Office” in the search section and go to the relevant application.
  2. We search “My Rental Income” in the search section on the Digital Tax Office application.
  3. In this section, we check all years, especially 2024, since the year 2025 is automatically selected.

*This is not investment advice.

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NBTC

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