The post Turkish lawmakers withdraw crypto tax provisions from omnibus bill appeared on BitcoinEthereumNews.com.

The parliament in Turkey has removed provisions introducing cryptocurrency taxation from a massive bill designed to regulate a range of matters related to tax collection and government spending. The texts, which proved contentious as they envisaged imposing a levy on all transactions through crypto platforms, were withdrawn after a strong pushback from opposition lawmakers and stakeholders. Crypto tax provisions dropped from Turkish law Members of Turkey’s legislature have withdrawn provisions aimed at taxing cryptocurrency transactions following talks between the parliamentary majority and other factions. The articles were part of a sweeping bill covering not just tax policy, but other economic regulations as well and defense spending, the English-language edition Hürriyet Daily News unveiled on Saturday. The last-minute agreement for their deletion was reached ahead of a formal meeting presided over by the Deputy Speaker of the Grand National Assembly, Celal Adan, the report detailed. The provisions would have slapped a 0.3% transaction tax on sales and transfers of digital assets processed by crypto service providers in Turkey, collected and paid to the state each month. They were also introducing taxation for crypto-related earnings, obliging intermediaries to withhold 10% on the capital gains of their clients on a quarterly basis, as reported by Cryptopolitan earlier in March. The texts, strongly criticized by the opposition, had been added to the omnibus bill by the ruling Justice and Development (AK) Party. While the proposals have been removed now, their representatives indicated they may file a revised draft as part of a separate legislative initiative. The government in Ankara is still hoping to tap into the massive financial flows generated by the country’s growing cryptocurrency sector. The Turkish crypto market expanded significantly over the past few years, marked by high inflation of the national fiat currency, the lira. Turkey wanted to tax even crypto…

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Filed under: News - @ March 28, 2026 8:26 pm