New Bill Introduces 10% Withholding Tax on Crypto Gains
Turkey's ruling AK Party has introduced a comprehensive economic bill to parliament that formally defines a taxation structure for cryptocurrency trading. The draft legislation, submitted on March 2, 2026, proposes a 10% withholding tax on gains generated from trading on regulated crypto platforms. This tax would be collected quarterly and would apply to all investors, including individuals and corporations, regardless of their residency status.
In addition to the tax on investment gains, the bill imposes a 0.03% transaction tax on the sale value of crypto assets brokered by service providers. These intermediaries, such as crypto exchanges, will be responsible for conducting tax checks based on their records. The legislation specifies that if an investor provides incorrect information, tax authorities will pursue the individual directly for any payment shortfall.
President Granted Power to Adjust Tax Rate Between 0% and 20%
The proposed framework grants the Turkish president significant flexibility, with the authority to adjust the 10% withholding tax rate anywhere between 0% and 20%. This rate could vary based on factors such as the type of crypto asset, the holding period, the issuer, or the wallet used for the transaction. This provision allows the government to dynamically manage the tax policy in response to market conditions.
The legislation integrates the new tax regime with existing financial rules by aligning definitions for “crypto asset,” “wallet,” and “platform” with Turkey’s Capital Markets Law. This move signals a deliberate effort to create a clear and unified regulatory environment. While gains will be taxed, the bill exempts crypto deliveries from value-added tax (VAT). If passed, the crypto-related provisions are set to take effect two months after the bill is officially published.
