Turkey's ruling party unveils 10% crypto income tax proposal

CoinDesk

by Francisco Rodrigues

March 2, 2026

AI-Generated Deep Dive Summary

Turkey's ruling AK Party has introduced a comprehensive economic bill aimed at formalizing cryptocurrency taxation while overhauling various tax and spending regulations. The proposed legislation would impose a 10% tax on gains from regulated crypto platforms, which would be withheld quarterly by the platforms themselves. This applies to both individuals and businesses, regardless of their residency status. Additionally, service providers would be required to pay a 0.03% transaction tax on the sale amount or market value of cryptocurrencies they facilitate. The bill aligns crypto terminology with existing financial regulations under Turkey's Capital Markets Law, ensuring consistency in definitions such as "crypto asset," "wallet," and "platform." Notably, President Erdogan has been granted the authority to adjust the 10% withholding tax rate within a range of 0% to 20%, depending on factors like the type of token, holding period, issuer, or wallet type. This flexibility could allow for tailored tax policies based on specific crypto use cases. The proposed measures also exempt crypto transactions subject to the transaction tax from value-added tax (VAT). However, foundation university hospitals will no longer be eligible for corporate tax exemptions starting in 2027. These changes aim to create a more structured regulatory environment for cryptocurrencies while generating additional revenue for the government. The introduction of this bill marks a significant step in Turkey's efforts to integrate crypto assets into its financial framework. By formalizing crypto

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Originally published on CoinDesk on 3/2/2026