Türkiye to introduce crypto income tax, levy on service providers
Türkiye's ruling Justice and Development Party (AK Party) on Monday presented a draft law to Parliament that would introduce a tax on cryptocurrency earnings, along with a transaction fee targeting crypto asset service providers.
According to the draft text, gains from the buying and selling of crypto assets would be subject to withholding tax, while transactions conducted outside authorized platforms would be taxed through declaration.
Under the proposal, crypto asset service providers would pay a 0.03% transaction tax on sale and transfer transactions they conduct or mediate.
The Daily Sabah Newsletter
Keep up to date with what’s happening in Turkey,
it’s region and the world.
SIGN ME UP
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
