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Precious Metals>Do I pay foreign exchange tax on precious metal transactions at Papara?
Do I pay foreign exchange tax on precious metal transactions at Papara?
Yes, you pay foreign exchange tax on precious metal transactions on Papara. As per the Presidential Decree published in the Resmi Gazete on March 17, 2025, dematerialized precious metal sales transactions made through demand deposit accounts without physical delivery are considered as foreign exchange transactions and are subject to foreign exchange transaction tax (FIT) of 2 per thousand (0.2%).