Turkey Proposes 10% Crypto Income Tax Under New Digital Asset Framework

Turkey’s ruling Justice and Development Party (AK Party) has introduced legislation that would formally tax crypto gains and integrate digital assets into the country’s existing financial regulations. The draft bill, now under review in the Grand National Assembly of Turkey, proposes a 10% withholding tax on profits earned through regulated crypto platforms.

Under the proposal, licensed platforms operating within Turkey’s Capital Markets framework would deduct the tax quarterly, applying it to both individuals and corporations, regardless of residency status.

Digital Asset Regulation and Presidential Authority

The legislation also includes a 0.03% transaction tax on crypto service providers based on the sale value of assets they facilitate. Investors trading outside licensed platforms would be required to declare gains annually.

Notably, the president would have authority to adjust the withholding rate between 0% and 20%, depending on asset type, holding period, or wallet classification. If approved, the crypto tax measures would take effect two months after publication.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.