Turkey’s ruling Justice and Development Party (AKP) has submitted a draft bill to the Grand National Assembly that would tax income and gains from cryptocurrencies at 10%. Under the proposal, platforms already subject to capital gains rules would be required to withhold 10% on crypto gains and transaction income and remit those withholdings quarterly.
The draft also would give the president authority to set the crypto income tax rate anywhere from 0% up to 20%. In addition, service providers that facilitate crypto trading and transfers would face a separate transaction levy equal to 0.03% of the transactions they enable. The treasury would be charged with issuing implementing regulations and enforcing the measure. If enacted, the law would take effect two months after its publication.
Data from Chainalysis shows Turkey led the Middle East and North Africa in crypto transaction volumes, recording roughly $200 billion between July 2024 and June 2025. Analysts link elevated crypto activity to Turkey’s difficult economic backdrop: inflation peaked at about 85% in October 2022 and had fallen to roughly 30% by January 2025. Chainalysis suggested the large volumes may reflect speculative trading and adoption driven by economic necessity, alternative financial needs, and efforts to preserve value.
The AKP proposal comes amid wider international debate over higher taxes on digital assets. For example, the Netherlands advanced a plan to apply a 36% capital gains tax to savings and most liquid investments, including digital assets, though that proposal remains subject to further parliamentary votes and amendments.
Readers are encouraged to consult the draft bill and official sources for the full text and any subsequent changes.
