Tax on Selling Gold in Turkey

Turkish income tax law doesn't list gold among the assets whose sale gains are taxable, so an individual who sells physical gold or gold held in a bank gold account pays no income tax on the gain, unless they trade gold as a business. Since 17 March 2025, buying gold in a bank account without physical delivery carries 0.2% BSMV, and gold funds are taxed by withholding.

Facts checked 30 October 2026 · Not financial, legal or tax advice

At a glance

What you sell	How the gain is taxed	Notes
Gold bars, coins (çeyrek, Cumhuriyet) and jewellery	Not taxed for individuals.	Taxed as commercial income if you trade gold as a business.
Bank gold account (no physical delivery)	Gain not taxed; 0.2% BSMV on purchases since 17 March 2025.	No BSMV on sales. Any return paid on the account is subject to withholding.
Gold funds and gold ETFs	Withholding on the gain: 17.5% for units bought from 9 July 2025.	Rate depends on when you bought; it is final.
Treasury gold bonds and gold lease certificates	0% withholding.	0% extended for purchases up to 31 December 2026.

How gold gains are taxed

Article 80 of the Income Tax Law (GVK) lists the assets whose sale gains are taxable for individuals, such as securities and real estate sold within five years. The list is closed and gold isn't on it, so gains on physical gold and on gold bought through a bank aren't taxable value-increase gains.
If you buy and sell gold regularly or as part of a business, the profit is commercial income and must be declared.
BSMV: Presidential Decision 9595 (Official Gazette 15 March 2025, in force 17 March 2025) made purchases in bank precious-metal accounts without physical delivery foreign-exchange transactions, so banks charge 0.2% BSMV on the purchase.
Gold funds and gold ETFs are taxed by withholding when you redeem: 17.5% for units bought from 9 July 2025, with lower rates for earlier purchases.
Delivery of gold bullion is exempt from VAT (KDV).
Silver: physical silver is treated the same way, and the BSMV rule covers precious-metal accounts generally.
No new tax on gold sales had been enacted by October 2026.

Reporting

No return is needed for a private sale of physical gold or gold from a bank account.
Banks collect BSMV at purchase, and fund withholding is final, so fund gains don't go on an annual return.

Losses

As private gold gains aren't taxed, losses on them can't be used.
A gold trader's losses are business losses under the commercial income rules.

These points come from Turkish professional commentary and news reports, not a Revenue Administration (GİB) guide on gold. Fund withholding rates are set by Presidential Decision and change often; check the current rate with your bank or fund manager.

Tax on selling gold in other countries: United States · Canada · Mexico · Brazil · United Kingdom · Ireland · Germany · France · Italy · Switzerland · UAE · Saudi Arabia · Kuwait · Qatar · Egypt · South Africa · India · Pakistan · Bangladesh · Sri Lanka · Nepal · Singapore · Malaysia · Hong Kong · Thailand · Vietnam · Indonesia · Philippines · Japan · South Korea · Australia · New Zealand · all countries

Tax on Selling Gold in Turkey: FAQ

Is there tax on selling gold in Turkey?

Not for individuals selling their own gold. Gold isn't among the assets whose sale gains are taxed under the Income Tax Law, so there's no income tax on the gain unless you trade gold as a business.

Is there tax on bank gold accounts (altın hesabı) in Turkey?

The gain isn't taxed, but since 17 March 2025 banks charge 0.2% BSMV when you buy gold in an account without physical delivery. Selling is not charged.

Are gold funds taxed in Turkey?

Yes, by withholding when you redeem. Units bought from 9 July 2025 are taxed at 17.5%; earlier units have lower rates depending on the purchase date. The withholding is final.

Sources (5)

General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.