Turkey’s ruling party proposes 10% crypto income tax

CoinTelegraph

by Turner Wright

March 2, 2026

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Turkey’s ruling party has proposed introducing a 10% tax on cryptocurrency income and gains as part of a draft bill aimed at amending the country’s tax laws. According to reports from Anadolu Agency, lawmakers in the Turkish Grand National Assembly are pushing to include digital assets in the nation’s expenditure tax framework. Under the proposed legislation, platforms subject to capital gains tax would be required to withhold 10% of income and gains derived from crypto transactions on a quarterly basis. The draft law also grants Turkey’s president the authority to adjust the income tax rate on cryptocurrencies, allowing it to range from 0% to 20%. Additionally, service providers facilitating crypto transactions would face a 0.03% transaction tax. If passed, the bill would take effect two months after publication, with the country’s treasury responsible for implementing regulations and enforcement measures. This proposed tax framework marks a significant shift in Turkey’s approach to cryptocurrencies. Previously, digital assets were taxed at 0%, which made them attractive to investors seeking lower tax burdens. The new rules aim to align crypto transactions more closely with traditional financial instruments, potentially reducing market volatility and increasing regulatory clarity. Service providers, such as exchanges and brokers, will also face new obligations under the proposed law. For cryptocurrency users in Turkey, the introduction of a 10% tax rate could impact investment strategies and transaction volumes. While the immediate effect may be limited by the current 0% tax rate,

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Originally published on CoinTelegraph on 3/2/2026