An extra tax has been introduced for gold transactions through banks. A 0.2% exchange tax will be applied to these transactions. Additional tax is now being collected on gold transactions made through banks. The decision was published in the Official Gazette on March 14th and officially took effect on March 17th. Accordingly, gold sales transactions made through demand accounts without physical delivery will be considered as exchange transactions. A 0.2% exchange transaction tax (ETT) will be collected on these transactions. Banks have also sent information messages to their customers regarding the implementation. PREVIOUSLY CANCELLED The tax rate for exchange transactions had started to be implemented at 0.1% starting from May 15, 2019. This rate was increased to 0.2% in May 2020. The Council of State had cancelled the decision of the Revenue Administration Presidency on March 28, 2023.