• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Withdrawals Misclassified as Rental Income on Binance TR

user avatar

by Giorgi Kostiuk

a year ago

Users of the cryptocurrency exchange Binance TR discovered that their withdrawals to bank accounts appeared as rental income on the e-Government platform, causing confusion.

Withdrawal Accounting Issue

Certain users of Binance TR, the Turkish branch of the Binance exchange, noticed that their withdrawals to bank accounts were recorded as rental income. This raised concerns over possible tax implications.

Response from Binance TR

Binance TR issued a statement informing its users that the issue is not related to their platform. The exchange is in contact with relevant authorities to clarify the situation.

Dear Users, we are aware of the confusion regarding tax information on crypto investments. We would like to state that this situation is not caused by our platform. We are in contact with the relevant institutions to clarify the issue.Binance TR

Statement by Revenue Administration

The statement from the Revenue Administration echoed the awareness of the occurring confusion and the need for resolution. It included similar information as the Binance TR statement, confirming that the exchange is not responsible for the situation.

While the issue of withdrawals being misclassified as rental income continues to perplex Binance TR users and poses potential tax ramifications, both Binance TR and tax authorities are working towards a resolution.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Advocates for Tax Exemption on Small Crypto Transactions

chest

President Trump supports tax exemption for small cryptocurrency transactions to simplify usage and encourage adoption.

user avatarZainab Kamara

UNION Strengthens Compliance with LEI Code Extension

chest

UNION has confirmed and extended its Legal Entity Identifier (LEI) Code, reinforcing its commitment to compliance within the global financial ecosystem.

user avatarSon Min-ho

UNION Achieves Steady Growth with Systematic Updates

chest

UNION has been consistently rolling out product and infrastructure updates, focusing on internal logic rather than media exposure, leading to healthy growth.

user avatarAyman Ben Youssef

Proposed Legislation to Cap Credit Card Interest Rates at 10%

chest

Proposed legislation aims to cap credit card interest rates at 10%, impacting lending practices.

user avatarSatoshi Nakamura

US Bank Launches 24-Month 0% APR Credit Card

chest

US Bank has launched the Shield Visa Card with a 24-month 0% introductory APR on purchases and balance transfers, aiming to attract consumers seeking low-interest credit options.

user avatarTando Nkube

Saladcom and Golem Network Join Forces to Explore Decentralized Computing

chest

Saladcom and Golem Network have partnered to explore decentralized web3 compute infrastructure for Salad's GPU cloud workloads.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.