TLDRTurkey proposed a new bill that introduces a 10% tax on cryptocurrency income and gains.Lawmakers stated that platforms must withhold the tax on a quarterly basis for all users.The bill allows the president to adjust the withholding rate between 0% and 20%.Service providers would pay a 0.03% transaction tax on every crypto trade they facilitate.Authorities confirmed that tax enforcement will rely on detailed records kept by platforms.The bill connects all crypto definitions to the existing Capital Markets Law for consistency.Turkey’s ruling party advanced a new plan that would introduce a 10% tax on cryptocurrency gains, and lawmakers presented the draft to parliament as they moved to update current tax laws while outlining new rules for service providers.Proposed Crypto Tax FrameworkTurkey introduced a draft bill that creates a new structure for crypto taxation, and lawmakers placed the proposal before the Grand National Assembly as they sought clear rules for the sector. They stated that platforms regulated under the Capital Markets Law must withhold a 10% tax on quarterly income and gains, and officials confirmed that this applies to residents and non-residents.The bill grants the president the power to adjust the withholding rate, and officials said it could move between 0% and 20% depending on asset type. They also linked the tax rate to holding periods and wallet usage, and they highlighted that different token categories may face different rules.The legislation introduces a 0.03% transaction tax for service providers, and it applies to the sale amount or market value of assets. Lawmakers said this measure covers platforms that facilitate trades, and they reported that brokers must maintain detailed records.Authorities emphasized that incomplete user information may trigger enforcement, and the tax agency would pursue shortfalls directly from the user. The bill ties terms such as “crypto asset,” “wallet,” and “platform” to existing financial regulations, and it ensures consistent definitions across the law.Market Context and International ComparisonsChainalysis reported that Turkey recorded $200 billion in crypto activity between July 2024 and June 2025, and analysts stated that rising volumes followed economic pressure in recent years. They wrote that Turkey’s economic conditions pushed many users toward digital assets, and the report said people used crypto for alternative savings.Turkey experienced inflation that peaked at 85% in late 2022, and the rate later stabilized near 30% by early 2025. Officials believe tax reform can support regulatory oversight, and they said the new framework aims to match existing market behavior.Lawmakers referenced international trends, and they pointed to a Dutch plan that proposed a 36% capital gains tax on digital holdings. They acknowledged that the Dutch proposal awaits a Senate vote, and they said the measure could start in 2028.The Turkish draft includes a VAT exemption for crypto deliveries covered by the transaction tax, and lawmakers confirmed that service providers fall under the updated expenditure rules. They also stated that foundation university hospitals will lose corporate tax exemptions in 2027, and they kept this clause in the broader bill.The post Draft bill in Turkey Seeks 10% Crypto Tax and Tighter Oversight of Exchanges appeared first on Blockonomi.