THE FINAL STAGE OF THE CRYPTO ASSET LAW IN TURKEY: WITHHOLDING TAX, TRANSACTION TAX, AND PARLIAMENT CALENDAR

#TürkiyeCrypto #ELG
The Draft Cryptocurrency Asset Law, which will regulate the cryptocurrency market in Turkey, is preparing to be brought to the Turkish Grand National Assembly (TBMM) before 2026. Under the coordination of the Ministry of Treasury and Finance, the Capital Markets Board (SPK) will gain the authority to license and supervise crypto asset service providers. The aim is to enhance investor protection through effective supervision of exchanges. This is a step following the secondary regulations that came into effect in 2024–2025, granting the SPK the authority to regulate the sector.
Regarding taxation, two models are being considered. The first is a very low-rate transaction tax (for example, a 0.1% deduction) on each transaction; the second is withholding tax on profits (such as 5%–10%). However, due to the difficulty of tracking profits/losses, withholding tax is considered secondary. It is planned that taxation will be based on (withholding/transaction tax) at the source, so small investors will not be required to file a declaration.
Currently, the existing law does not have direct tax provisions regarding crypto income; this draft will represent a significant change in taxation.
Conclusion: With the draft law, Turkey’s crypto market will have a stronger regulatory and tax infrastructure, investor protection will increase, and the tax system will be simplified.
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