Turkey’s Ruling Party Proposes 10% Crypto Income Tax

Demand for cryptocurrency trading has risen in Turkey in recent years amid high inflation and a weakening lira, but the country has long lacked a clear framework for taxing related income. The ruling Justice and Development Party, or AK Party, aims to bring investors and platforms into the formal tax system with its proposal, which could have a significant impact on Turkey’s large crypto market.

The AK Party submitted the bill to the Grand National Assembly of Turkey on March 2, 2026. It proposes a quarterly 10% withholding tax on income and gains from crypto assets traded on regulated platforms, while authorizing the president to adjust the rate within a range of 0% to 20%. Transactions conducted outside such platforms would be subject to annual reporting. Service providers would also pay a 0.03% transaction tax on the value of sales and transfers, filing monthly returns and making payment by the 15th of the following month.