Turkey’s ruling Justice and Development Party has proposed a 10% tax on cryptocurrency income and gains as part of draft amendments to the country’s tax laws.
Lawmakers in the Turkish Grand National Assembly have suggested requiring platforms subject to capital gains rules to withhold a 10% levy on crypto-derived income quarterly, while also imposing a 0.03% transaction tax on service providers.
Under the proposal, Turkey’s president would have authority to adjust the crypto income tax rate from 0% up to 20%, with the treasury overseeing implementation and enforcement if the bill becomes law.
The legislation is expected to take effect two months after publication, should it pass, marking one of the most significant attempts by Ankara to formalise taxation of digital assets.
Chainalysis reported in October that Turkey led the Middle East and North Africa in crypto transaction volumes with $200 billion recorded between July 2024 and June 2025, amid persistently high inflation that peaked at 85% in October 2022.
“Turkey presents one of MENA’s most compelling cryptocurrency stories — its large volumes may be explained by increasingly speculative behavior rather than sustainable adoption,”
Chainalysis said, adding that economic pressures had driven adoption as an alternative financial infrastructure.
Turkey joins a growing list of countries reassessing digital asset taxation, with the Netherlands recently advancing a proposal for a 36% capital gains tax on savings and liquid investments, including cryptocurrencies, potentially taking effect in 2028.