Turkey bill would set 10% quarterly tax on crypto gains

Turkey’s ruling AK Party submitted an economic bill to the Turkish Grand National Assembly on March 2, 2026, to formalize crypto taxation. The draft would introduce a 10% quarterly withholding on gains from crypto activity on regulated platforms.

Platforms licensed under the Capital Markets Law would collect the 10% on gains each quarter and send the funds to the government. The rule would apply to all investors using those platforms, including individuals and companies, whether resident or nonresident.

The text aligns key terms such as “crypto asset,” “wallet” and “platform” with the Capital Markets Law.

The president would be able to reduce the 10% rate to 0% or increase it to as much as 20%. Criteria listed for any change include the token type, holding period, issuer and the type of wallet used for storage.

Service providers would pay a 0.03% transaction levy on the sale amount or market value of crypto assets they broker. Deliveries subject to the 0.03% levy would be exempt from value-added tax (VAT) to prevent double taxation.

Crypto brokers and other intermediaries would be required to run tax checks based on their records. If a user provides wrong or incomplete information, tax authorities would pursue any unpaid amount from that person or entity.

If enacted, the crypto provisions would take effect two months after publication. The bill is part of a wider package that also ends corporate tax exemptions for foundation university hospitals starting in 2027.