Türkiye’s parliament has withdrawn a proposed 0.3% transaction tax on crypto sales and transfers after facing strong opposition from lawmakers. The government is still pushing ahead with a 10% withholding tax on crypto earnings at source.
Turkiye Drops 0.3% Crypto Transaction Tax After Opposition Pushback: Turkish Media
30 March 2026 - 09:00 CEST
By Sandmark staff
The reversal came during debates on an omnibus bill covering tax policy, defence spending and economic regulations. Full details appear in Hurriyet Daily News.
Türkiye remains the dominant crypto market in the Middle East and North Africa region. It recorded approximately $200bn in annual transaction volume in 2025 - almost four times the UAE’s $53bn, according to Chainalysis.
The original proposal in early March included both the transaction tax and the 10% withholding tax on gains. Lawmakers removed the transaction component after pushback, but the earnings tax remains in the bill.
A revised version could bring some dropped clauses back under a separate legislative proposal.
