Turkey Plans 10% Tax on Cryptocurrencies

Turkey is preparing to introduce a 10 percent tax on income and profits derived from cryptocurrencies, granting the president authority to adjust the rate.

The ruling Justice and Development Party (AKP) has submitted a proposal to Turkey’s parliament that would amend the country’s tax laws to include digital assets. Under the draft legislation, a 10 percent tax would apply to income and gains generated from cryptocurrency transactions.

Platforms operating in Turkey and subject to capital gains tax would be required to withhold 10 percent from crypto-related profits and income on a quarterly basis. In addition, service providers would face a 0.03 percent levy on each transaction they process.

The proposal also empowers the president to modify the cryptocurrency tax rate within a range of 0 to 20 percent. The Ministry of Finance would be responsible for drafting implementing regulations and overseeing enforcement. If passed, the new law would come into force two months after its official publication.

Turkey plays a significant role in the cryptocurrency market across the Middle East and North Africa region. According to data from Chainalysis, crypto transaction volumes in the country reached $200 billion between July 2024 and June 2025 — the highest figure in the region during that period.

In recent years, Turkey has struggled with high inflation. Data from Trading Economics shows that inflation peaked at 85 percent in October 2022 before declining to around 30 percent in January this year. According to Chainalysis, the country’s challenging economic conditions have fueled interest in cryptocurrencies, which many residents view as an alternative to traditional financial systems and a way to protect their savings.