Turkiye: Bill on Amendments to Certain Laws (Bill no. 3560) including value added tax exemption for crypto assets was introduced to Grand National Assembly

On 4 March 2026, the Bill on Amendments to Certain Laws (Bill no. 3560) was introduced to the Grand National Assembly. The Bill would amend the Value Added Tax Law No. 3065 to exempt crypto assets within the scope of the Crypto Asset Transaction Tax from value-added tax. The Bill would further convert existing full exemptions under the Value Added Tax Law No. 3065 to partial exemptions, removing the right to deduction and refund for transactions including deliveries to the Turkish Red Crescent Society, housing sales to foreigners, construction of facilities donated to public administrations, health services provided to foreigners, and delivery of printed books and periodicals. Advertising expenditure related to all types of games of chance and betting would additionally be disallowed as a deductible expense under both the Income Tax Law No. 193 and the Corporate Tax Law No. 5520.