Turkey’s ruling Justice and Development Party (AK Party) has submitted a draft bill to parliament proposing a 10% tax on cryptocurrency income and gains, along with a levy on crypto service providers. The legislation would require regulated platforms to withhold the tax quarterly while giving the president authority to adjust the rate anywhere from 0% to 20% based on various criteria.
Draft Bill Outlines New Tax Framework
Under the proposed legislation, licensed crypto trading platforms in Turkey would be responsible for withholding a 10% tax on income and gains derived from crypto transactions every quarter, applying to both individual and corporate investors. The tax would be collected at the source and remitted to the government.
Importantly, the bill grants the president discretion to set the tax rate anywhere between 0% and 20%, allowing adjustments based on factors such as token type, holding period and wallet classification. This flexibility reflects policymakers’ desire to tailor the tax regime to the evolving crypto landscape.
Profits from crypto transactions conducted outside authorized platforms would not be automatically withheld but would instead need to be reported and taxed through annual income tax filings.
Additional Levy on Service Providers
The bill also introduces a 0.03% transaction tax on crypto asset service providers — including exchanges and brokers — on the sale and transfer of digital assets they conduct or facilitate. This levy aims to generate additional revenue and reinforce regulatory compliance among intermediaries.
Turkey has been tightening oversight of crypto platforms, in part due to the country’s rapid rate of adoption. According to blockchain research firm Chainalysis, Turkey was among the top global markets for crypto transaction volume in 2025, with trading activity nearing $200 billion — a figure that far outpaced neighboring markets.
Government’s Stated Goals and Industry Reactions
Proponents of the measure argue that clear taxation will help bring greater legitimacy and transparency to the crypto sector, aligning digital assets with other financial instruments in the tax code. By leveraging existing frameworks like the Capital Markets Law, legislators seek to ensure consistency in how crypto income is treated.
However, some industry observers warn that a uniform tax too early in the market’s life could deter activity on local platforms and hinder growth. Critics suggest that a tax regime should follow investments in infrastructure and regulatory maturity rather than precede them.
Next Steps in the Legislative Process
The draft bill was formally presented to the Grand National Assembly of Turkey and will now enter parliamentary debate. If approved, the tax provisions would take effect two months after publication in the official gazette, creating a new framework for how digital asset income and related services are taxed in the country.
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