Turkey Proposes 10% Tax on Crypto Trading Gains in New Bill

Turkey’s ruling AK Party has introduced a draft bill proposing a 10% withholding tax on crypto asset gains from regulated platforms and a 0.03% transaction tax on crypto service providers. The bill also includes provisions for taxing investors on non-compliant platforms, with the possibility for the president to adjust rates between 0% and 20%. The taxes would take effect two months after approval.

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