The post Turkey’s AK Party Proposes 10% Tax on Crypto Gains appeared on BitcoinEthereumNews.com.

Turkey’s ruling party has introduced a draft bill that would impose a 10% tax on cryptocurrency income. The proposal also includes a levy on crypto service providers. Lawmakers submitted the bill to parliament on March 2. The draft outlines new rules for taxing crypto gains and regulating service providers. It forms part of a broader economic package revising income and expenditure tax laws. The measures would take effect two months after publication if approved. Draft Bill Sets 10% Withholding on Crypto Income The proposal requires platforms to apply a 10% withholding tax on income and gains from crypto transactions. The tax would be deducted quarterly through regulated platforms. It would apply to individuals and companies, including non-residents. The draft states, “Platforms must apply a 10% withholding tax on income and gains from crypto-asset transactions on a quarterly basis.” Investors trading outside licensed platforms would declare profits in annual tax statements. The president would have authority to adjust the withholding rate. The rate could be lowered to 0% or raised to 20%, depending on asset type and holding period. The bill ties crypto definitions to existing rules under Turkey’s Capital Markets Law. Service Providers Face 0.03% Transaction Levy Under the proposal, crypto asset service providers would pay a 0.03% transaction tax. The levy would apply to sale and transfer transactions they conduct or mediate. The tax would be based on sale amount or market value. Brokers and intermediaries would also be responsible for record keeping. If users provide incorrect information, tax authorities would pursue them for any unpaid amounts. The draft clarifies that crypto deliveries subject to the transaction tax would be exempt from value-added tax. Turkey has increased oversight of digital asset platforms in recent years. Cryptocurrency use has expanded amid high inflation and lira depreciation. According to blockchain research…

---

Filed under: News - @ March 2, 2026 6:23 pm