The post Turkey Slaps 10% Crypto Tax and 0.03% Transaction Levy in Sweeping Bill appeared on BitcoinEthereumNews.com.

Key Takeaways: Turkey’s ruling party proposed a bill imposing 10% deduction tax on crypto profit from managed platforms. A 0.03% transaction tax will apply to crypto sales and transfers handled by service providers. The president can cut the rate to 0% or raise it up to 20%, depending on asset type and holding period. Turkey is advancing towards the formalization of crypto taxation that will have an extensive legislative initiative before the parliament. The initial draft provides clear regulations on the taxation of the digital asset profits and dealings, which will increase the monitoring of platforms and investors. Read More: Tether Frozen $544M in USDT in Turkey Hammers Illegal Betting Networks 10% Withholding Tax on Crypto Gains According to the proposal, crypto platforms governed by the Capital Markets Law of Turkey are required to tax gain with a 10% level imposed. The tax will coincide quarterly either to an individual or a firm resident or a non-resident. Exempt status or existing tax positions will not affect the withholding requirement. Investors will not need to file separate annual declarations for income already subject to withholding on regulated platforms. The crypto trades that are conducted outside licensed platforms should however be reported in an annual income tax filing. C crypto trading only allows use of losses against gains of the same kind of asset within the same calendar year. 0.03% Transaction Tax on Sales and Transfers The bill also provides a crypto transaction tax of 0.03%. This tax is imposed on sales or transfer of cryptos that are executed via crypto service providers. Tax base is the value of the sale or the fair market value of the same at the time of transfer. No deductions for expenses or other taxes will be allowed when calculating the base. Service providers will be…

---

Filed under: News - @ March 2, 2026 6:25 pm