Turkiye: Bill on Amendments to Certain Laws (Bill no. 3560) including crypto asset transaction tax was introduced to Grand National Assembly

On 4 March 2026, the Bill on Amendments to Certain Laws (Bill no. 3560), including a crypto asset transaction tax, was introduced to the Grand National Assembly. The Bill would introduce the Crypto Asset Transaction Tax under the Expenditure Taxes Law No. 6802, levied at a rate of 0.03% on crypto asset sales and transfer transactions made or intermediated by crypto asset service providers. The taxable event would arise upon the sale or transfer of a crypto asset. The taxation period would be one calendar month. No deductions for expenses or taxes would be permitted from the tax base. The Bill would further amend the Income Tax Law No. 193 to include crypto assets within the scope of taxable income and introduce a 10% withholding tax on gains and revenues from crypto asset transactions conducted on platforms subject to the Capital Markets Law No. 6362. Income from transactions outside such platforms would be declared via the annual income tax return. The President of the Republic would be authorised to reduce the Crypto Asset Transaction Tax rate to zero or increase it up to five times per transaction type. The Ministry of Treasury and Finance would be authorised to determine the procedures and principles of application.