Turkey’s Justice and Development Party has submitted draft legislation introducing a 10% tax on income and gains derived from cryptocurrency transactions. The proposal would require certain platforms subject to capital gains rules to withhold the tax quarterly, integrating digital assets more formally into the country’s fiscal framework.
Under the draft, the president would be authorized to adjust the crypto income tax rate from zero up to 20%. Service providers facilitating digital asset transactions could also face a 0.03% transaction levy. If approved, the law is expected to take effect two months after publication, with enforcement overseen by the Treasury.
The proposal comes as Turkey remains one of the region’s most active crypto markets, driven in part by past inflationary pressures and currency volatility. The move aligns with a broader global trend of governments refining digital asset taxation as adoption expands.
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