One of the most frequently asked questions by cryptocurrency investors is whether gains from Bitcoin, Ethereum, USDT, and other crypto assets are taxed in Türkiye.

For example, someone might buy Bitcoin for 500,000 TL and sell it two years later for 2,000,000 TL. Another person might conduct hundreds of cryptocurrency buy and sell transactions every day, another might earn staking income, and a company might hold crypto assets on its balance sheet.

It is not accurate to say that the same tax regime will be applied to all of these individuals.

Moreover, in 2026, a significant bill regarding the taxation of crypto assets was submitted to the Turkish Grand National Assembly, but the regulations concerning the crypto asset transaction tax were removed from the bill before it was enacted. Following the removal of the crypto asset transaction tax in the Grand National Assembly, the related VAT exemption was also removed from the text; the final text of Law No. 7577, published on April 17, 2026, did not include any provision regarding the crypto asset transaction tax. (Turkish Grand National Assembly)

Therefore, as of August 18, 2026, there is no specific "cryptocurrency gains tax" or general "crypto asset transaction tax" automatically levied on all individual Bitcoin or cryptocurrency sales in Turkey.

However, this does not mean that all income from crypto assets is completely tax-exempt under all circumstances.

Taxation may vary depending on factors such as whether the individual is a natural person or a company, whether the transactions are conducted within the scope of a commercial organization, the nature of the income earned, whether the crypto asset was inherited or donated, and the nature of the service provided.

Are cryptocurrencies subject to tax in Türkiye?

Answering this question with a single sentence can be misleading.

In the Turkish tax system, income tax is determined based on the income elements listed in the Income Tax Law. The law includes income categories such as commercial income, agricultural income, wages, income from independent professional activities, real estate capital income, movable capital income, and other gains and income. The types of assets and rights from which capital gains may arise are also regulated separately. (Turkish Revenue Administration)

However, the current Income Tax Law does not contain a separate provision that explicitly and specifically taxes the income a regular individual earns from investing in crypto assets in their own name, under the name of "crypto asset income."

Therefore, the taxation of cryptocurrency trading gains, especially for individuals and those without commercial organization characteristics, is more controversial compared to transactions involving companies and commercial activities.

Will there be a cryptocurrency tax in 2026?

No; at least, the much-discussed cryptocurrency transaction tax has not finally come into effect.

The regulation submitted to the Turkish Grand National Assembly in March 2026 envisioned imposing a cryptocurrency transaction tax of 0.0003% on the sale amount or the market value at the time of transfer for sales and transfer transactions made or brokered by cryptocurrency service providers . ( Turkish Grand National Assembly )

However, during the discussions in the Grand National Assembly of Turkey, the provision regarding the crypto asset transaction tax was removed from the proposal. As a result, the VAT exemption provision linked to the transaction tax was also abolished. (Grand National Assembly of Turkey)

The proposal was later enacted into law as Law No. 7577; however, the final text of the law dated April 17, 2026, does not include any provisions regarding the tax on crypto asset transactions. (Grand National Assembly of Turkey)

This distinction is extremely important because even on the internet;

"A tax of 0.03% will be levied on cryptocurrency transactions."

Information based on the old proposal text can be encountered in this way.

The transaction tax in question will no longer be in effect as of August 18, 2026.

Does an individual Bitcoin investor pay tax on their earnings?

This is the most debated area.

For example, a real person;

He bought Bitcoin for 300,000 TL in 2023,

He sold it for 1,500,000 TL in 2026

And they may have done this for personal investment purposes, rather than within a professional or commercial organization.

The current Income Tax Law does not contain a specific provision that explicitly defines this income as "capital gains from crypto assets." Article 80 of the Income Tax Law regulates the sources of taxable capital gains based on specific goods and rights. (Turkish Revenue Administration)

Therefore, from the perspective of individual investors;

"If you sold Bitcoin, a certain percentage of your profit is automatically deducted as income tax."

It is not accurate to speak of such a general and definitive rule today.

However, the picture changes when the transaction takes on a commercial nature.

Can consistently buying and selling cryptocurrencies be considered a form of commercial profit?

Yes, this risk exists depending on the specifics of the case.

According to Article 37 of the Income Tax Law, all income arising from commercial and industrial activities is considered commercial income. (Turkish Revenue Administration)

Therefore, a person's crypto transactions;

It shows continuity,

It is carried out within an organization,

It is carried out systematically with the aim of generating profit

Cryptocurrency supply or brokering on behalf of others

In this case, the activity can cease to be a simple personal investment and take on the character of a commercial activity.

Indeed, in the special ruling issued by the Revenue Administration on August 9, 2022, regarding brokering Bitcoin buying and selling transactions, the activity of a person who procures Bitcoin from Turkey and conducts transactions on behalf of a person abroad, and who does so on a continuous basis, within the scope of commercial income provisions . (Revenue Administration)

The number of transactions is not the only important factor here.

In tax law;

continuity of activity + organization + commercial purpose + mode of operation

They should be evaluated together.

Therefore, a professional trader and an individual investor who changes their portfolio a few times a year may not be in the same legal situation.

Does buying and selling cryptocurrency every day result in tax liability?

Trading every day is not an automatic threshold in itself.

In the law;

"You are considered a merchant if you conduct 100 transactions a year."

or

"If you exceed a monthly transaction volume of 1 million TL, you will generate commercial profit."

There is no specific cryptographic threshold in this regard.

However, high-frequency and continuous trading activities that involve significant time and capital investment and transform into a systematic profit-making venture are more likely to be considered commercial income than individual passive investments. This conclusion stems from the commercial activity approach outlined in Article 37 of the Income Tax Law. (Turkish Revenue Administration)

Therefore, high-volume crypto investors;

frequency of operations,

source of funding,

earnings model,

whether the transactions are personal investments or professional activities

It might be beneficial to have a special tax assessment done in this regard.

Are Companies' Cryptocurrency Earnings Subject to Taxation?

In companies, the situation is clearer than with individuals.

According to Article 6 of the Corporate Tax Law, corporate tax is calculated on the net corporate profit earned by corporations within an accounting period . The provisions of the Income Tax Law relating to commercial income are applied in determining net corporate profit. ( Turkish Revenue Administration )

Therefore, if a joint-stock or limited liability company buys and sells crypto assets as part of its commercial activities and earns profit from this, this profit should be considered within the company's corporate income.

For example, the company;

He bought Bitcoin for 5 million TL,

if he later sold it for 7 million TL

The accounting and tax consequences of the transaction should be taken into account in determining the company's corporate income.

In terms of the company's profit;

"There is no special tax on cryptocurrencies, therefore the company does not pay any tax."

This approach is incorrect.

Can a company hold Bitcoin on its balance sheet?

If a company acquires crypto assets, these must be accurately tracked in the company's records and financial statements.

From the perspective of the Corporate Tax Law, the fundamental issue is determining the net corporate profit generated by the company during its accounting period. (Turkish Revenue Administration)

However, in the accounting of crypto assets;

acquisition cost,

sales price,

valuation,

Value movements similar to exchange rate differences,

crypto-crypto conversions

These issues should also be evaluated from an accounting and tax technical perspective.

Maintaining transaction records is particularly important for companies that hold large amounts of crypto assets.

Will taxes be incurred if goods or services are sold with Bitcoin?

A business receiving payment for goods or services in Bitcoin or another cryptocurrency does not negate the inherent tax nature of the transaction.

For example, if a software company received payment in USDT for software services worth 200,000 TL;

"The payment was made via cryptocurrency, therefore no revenue was generated."

That cannot be said.

Income derived from services is assessed according to the general income/corporate tax provisions applicable to the company or individual.

The Value Added Tax Law in Turkey also includes deliveries and services performed within the scope of commercial, industrial, agricultural, or professional activities within the scope of VAT. (Turkish Revenue Administration)

Therefore, whether the payment method is Turkish Lira, foreign currency, or cryptocurrency does not automatically change the tax nature of the service.

Is there VAT on cryptocurrency trading?

Here, it's important to distinguish between the crypto asset itself and the service .

The draft law prepared in 2026 included a provision exempting the delivery of crypto assets subject to transaction tax from VAT. However, when the crypto asset transaction tax was removed from the proposal, the related VAT exemption was also removed from the text in the General Assembly. (Grand National Assembly of Turkey)

Therefore, a general VAT exemption for cryptocurrency deliveries did not come into effect with Law No. 7577. (Grand National Assembly of Turkey)

In addition to what is offered in the crypto ecosystem;

mediation,

technology,

software,

storage,

platform

The treatment of such services with respect to VAT or other indirect taxes should be examined separately according to the legal nature of the service.

The General Directorate of Revenue's (GİB ) ruling regarding the continuous brokering of Bitcoin buying and selling is therefore of significant importance.

Do Crypto Exchanges Pay Taxes?

Yes.

Cryptocurrency platforms generate their own revenue, distinct from individual crypto earnings of investors.

Platform;

commission on buying and selling,

transfer fee,

storage or other service fees

can obtain.

These revenues are assessed within the general corporate tax regime of the company. Article 6 of the Corporate Tax Law accepts the net profit of corporations for the accounting period as the tax base for corporate tax. (Turkish Revenue Administration)

There is also a specific financial obligation regarding crypto platforms.

According to the provision added to Article 130 of the Capital Markets Law No. 6362 by Law No. 7518, 1% of all income of platforms, excluding interest income from the previous year, is transferred to the Capital Markets Board (SPK), and 1% is transferred to the TÜBİTAK budget to be used in the development of blockchain and related information technologies . The implementation started in 2025 with the income from 2024. (Grand National Assembly of Turkey)

This obligation should not be confused with a Bitcoin gains tax applied to the investor.

Will taxes be incurred if Bitcoin is converted to another cryptocurrency?

For example, a person:

Bitcoin → USDT

or

Ethereum → Bitcoin

It can make the transformation.

From the perspective of individual investors, there is currently no independent crypto transaction tax in effect that automatically levies a special tax on every crypto-to-crypto conversion. The fact that the crypto transaction tax, envisioned for 2026, was removed from the proposal before it was enacted into law is particularly significant in this respect. (Turkish Grand National Assembly)

However, if the activity falls within the scope of commercial income, the impact of crypto-to-crypto conversions on the company's income account should be evaluated separately.

In companies, transactions should also be taken into account for accounting and corporate income calculation purposes.

Are earnings from cryptocurrency exchanges abroad tax-free?

Simply holding crypto assets on a foreign platform does not automatically eliminate tax liabilities.

From a taxation perspective, a person's taxpayer status in Türkiye, the nature of their income, and the conditions of the relevant income element are important.

For example, conducting cryptocurrency transactions, which are commercial activities, through a foreign platform does not automatically eliminate the commercial nature of the activity. Article 37 of the Income Tax Law considers all income arising from commercial and industrial activities as commercial income. (Turkish Revenue Administration)

Therefore;

"If I keep my money in a foreign stock market, I won't have any tax problems in Türkiye."

There is no general rule like that.

Is Bitcoin in a Cold Wallet Tax-Exempt?

The transfer of crypto assets from a centralized platform to a self-custody or cold wallet does not, in itself, change their tax implications.

The wallet type essentially refers to the method of storing and controlling the crypto asset

Therefore:

Bitcoin in exchange account → Ledger → another self-custody wallet

A transfer of this kind does not, in every case, constitute an economic sale or profit.

However, different tax consequences may arise if the transfer is actually in the nature of a sale, donation, or payment to another person.

Therefore, seeing a "transfer" on the blockchain is not the same as a "sale" being made legally.

Does Giving Cryptocurrency as a Gift Incur Tax?

If crypto assets are transferred to someone without any consideration, inheritance tax may come into play.

Law No. 7338 on Inheritance and Transfer Tax gratuitous transfers . According to current explanations from the Revenue Administration, gratuitous transfer is defined as a gift or any form of acquisition without consideration. (Revenue Administration)

So, for example, if someone gives their friend 2 Bitcoin as a gift;

"Because it's cryptocurrency, no donation tax applies."

That is not correct.

The specific transaction needs to be evaluated separately in terms of inheritance and transfer tax.

The exemption and progressive tax rate tariff for gratuitous transfers in 2026 have been published separately by the GIB (General Directorate of Revenue)

Do I have to pay taxes if I inherit Bitcoin?

Yes, inheritance tax comes into play.

The subject of the Revenue Administration's special ruling dated September 23, 2020, is the assessment of the amount to be paid directly to heirs in exchange for Bitcoin assets from the perspective of inheritance and transfer tax. The Revenue Administration applied the provisions of Law No. 7338 regarding the transfer of Bitcoin assets to heirs. (Revenue Administration)

Therefore, the testator;

Bitcoin,

Ethereum

USDT

If other crypto assets with economic value are included in the estate, an examination should also be conducted regarding inheritance and transfer tax.

For the year 2026, tax rates on inheritance transfers range from 1% to 10% depending on the tax bracket; rates are even higher for gratuitous transfers. (Gib)

How are mining revenues taxed?

In crypto mining, a purely investment-for-profit approach is insufficient.

Mining;

device,

electric,

technical infrastructure,

organization,

continuity

It can become an economic activity that requires...

Therefore, professional and continuous mining activities commercial activity . The Income Tax Law considers income arising from all kinds of commercial and industrial activities as commercial income. (Turkish Revenue Administration)

However, the tax implications of small-scale or individual technical activities should be assessed on a case-by-case basis.

Is Staking Income Taxable?

Staking, DeFi, and similar income-generating activities are not currently categorized under a specific tax category in Türkiye's tax legislation, with each product having its own name.

Therefore, the revenue generated;

Is it individual investment activity?

Is it a commercial activity?

Is it in exchange for a service?

company profit?

It should be determined according to the specific structure it is in.

Especially if the staking operation is carried out by the company, the economic income obtained should be taken into account in terms of corporate income. Article 6 of the Corporate Tax Law stipulates that the net corporate income earned by companies during the accounting period is the basic tax base. (Turkish Revenue Administration)

For individuals, the technical nature of the product and the continuity of the operation are also of particular importance.

How are NFT sales taxed?

In NFT transactions, the "crypto asset" label alone is not sufficient.

For example, if someone regularly sells their own digitally created artwork as NFTs;

copyright

freelance,

commercial activity

And VAT provisions may come into play.

However, selling an NFT that was purchased for investment purposes requires a different tax analysis.

Therefore, in terms of NFTs;

the token itself + the underlying economic right + the activity of the person performing the transaction

They should be evaluated together.

Can Cryptocurrency Platforms Provide Information to Tax Authorities?

The fact that crypto transactions take place on the blockchain does not mean that the transactions are completely hidden from tax authorities.

Within the scope of the Tax Procedure Law's regulations regarding the reporting of the actual beneficiary, crypto asset service providersare among the organizations obligated to report the actual beneficiary information of transactions carried out by their customers to the Revenue Administration, if requested by the Revenue Administration. (Revenue Administration)

Furthermore, crypto asset service providers in Turkey came under the regulation and supervision of the Capital Markets Board (SPK) in 2024; and detailed regulations regarding the registration, custody, transfer, and operational systems of these platforms came into effect in 2025. (https://spk.gov.tr)

Therefore;

"The government cannot see crypto transactions in any way."

This assumption is incorrect given the current regulatory framework.

Is withdrawing crypto earnings to a bank a taxable event?

The transfer of money to a bank account alone cannot be considered a taxable event in every case.

In tax assessments, to know when and through what legal transaction the income was earned .

For example, within the scope of commercial activities:

Bitcoin purchased for 100,000 TL was sold for 200,000 TL

And 200,000 TL may have been held on a crypto platform.

The fact that the money hasn't yet been sent to the bank account doesn't necessarily mean the transaction hasn't taken place in terms of commercial profit.

Similarly, simply transferring Bitcoin between one's own wallets does not automatically generate a sales profit simply because the transfer takes place on the blockchain.

Because:

Sale → Exchange → Transfer → Bank Transfer

The concepts should be distinguished from each other.

Why is record keeping important for crypto assets?

One of the most significant practical problems in taxing crypto assets is the inability to trace transaction history even years later.

For example, someone might have bought 20,000 USDT in 2021, then traded among dozens of different coins, and sold their portfolio in 2026.

In this situation;

cost price,

which crypto asset was purchased and when,

transaction fees,

crypto-to-crypto conversions,

wallet transfers

If it cannot be documented, it becomes difficult to determine the actual economic gain.

For companies and individuals conducting commercial transactions, the organized storage of platform statements, bank statements, and blockchain activity records is particularly important.

Could a crypto tax be introduced after 2026?

Of course, lawmakers could create a special tax regime for crypto assets in the future.

Indeed, the proposal to introduce a transaction tax of 0.03% on the sale and transfer of crypto assets in 2026 was even brought before the Turkish Grand National Assembly. However, these provisions were removed during the General Assembly stage and did not make it into the final text of Law No. 7577. (Turkish Grand National Assembly)

This shows that cryptocurrency taxation is an active legislative issue in Türkiye.

Therefore, it is particularly important for investors with large portfolios or companies trading in the crypto space to regularly monitor regulatory changes.

Frequently Asked Questions

Is there tax on Bitcoin earnings in Türkiye?

As of August 18, 2026, there is no independent "Bitcoin capital gains tax" that automatically taxes all ordinary individual Bitcoin sales gains. However, if the activity takes on a commercial nature, taxation under Article 37 of the Income Tax Law may come into play. (Turkish Revenue Administration)

Has a cryptocurrency transaction tax been introduced?

No. A regulation proposing a 0.0003% tax on sales and transfer transactions was submitted in 2026, but it was removed from the text in the Grand National Assembly of Turkey. This tax is not included in the final Law No. 7577. (Grand National Assembly of Turkey)

Is there a 10% withholding tax on crypto earnings?

As of August 18, 2026, a general 10% withholding tax regime automatically applied to all individual crypto transactions is not in effect. While different models regarding the taxation of crypto assets were discussed during the 2026 legislative process, the current legislation should be taken as the basis. (Grand National Assembly of Turkey)

Will I be taxed if I buy and sell Bitcoin very frequently?

If the activity has continuity, organization, and a commercial purpose , it may be considered as commercial income. Article 37 of the Income Tax Law considers income arising from all kinds of commercial and industrial activities as commercial income. The Revenue Administration has also evaluated the continuous Bitcoin supply and brokerage activity as commercial income.

If a limited company sells Bitcoin, will it have to pay corporate tax?

The profits earned by companies are taken into account in determining net corporate income under Article 6 of the Corporate Tax Law. Income earned by a company from cryptocurrency trading generally cannot be excluded from the calculation of corporate income. (Turkish Revenue Administration)

Are there taxes if you inherit Bitcoin?

Yes. The Turkish Revenue Administration (GİB ) has issued a ruling evaluating the transfer of Bitcoin to heirs under the Inheritance and Transfer Tax Law.

Will there be a tax if Bitcoin is given as a gift?

The gratuitous transfer of crypto assets may be considered a gratuitous transfer for inheritance and transfer tax purposes. Law No. 7338 includes donations and other gratuitous acquisitions within the scope of the tax. (Turkish Revenue Administration)

Will I incur taxes if I send cryptocurrency to a cold wallet?

A transfer between one's own wallets does not necessarily constitute a sale or income in itself. However, the tax implications may differ if the transfer constitutes a sale, payment, or donation to another person.

Wouldn't taxes be incurred if cryptocurrency wasn't withdrawn to a bank?

There is no such rule in every case. Especially in commercial activities and companies, the date of the transaction in which the profit is realized and the date the money is withdrawn to the bank account do not have to be the same.

Conclusion: Neither saying "Cryptocurrencies are tax-free" nor saying "All cryptocurrency earnings are taxable" is accurate

The most important aspect of taxing crypto assets in Turkey is accurately determining the nature of the transaction and the income involved.

As of August 18, 2026, there is no specific Bitcoin capital gains tax or cryptocurrency transaction tax automatically applied to all crypto sales by individual investors. The proposed 0.03% cryptocurrency transaction tax for 2026 was removed from the draft text in the Grand National Assembly of Turkey and was not included in the final version of Law No. 7577. (Grand National Assembly of Turkey)

However, from this;

"There are no taxes in the crypto world."

No conclusion should be drawn.

If a natural person's transactions reach the level of commercial activity, then commercial income may be considered under Article 37 of the Income Tax Law. (Turkish Revenue Administration)

Earnings that companies derive from cryptocurrency transactions are taken into account when determining corporate income. (Turkish Revenue Administration)

If goods or services are offered in exchange for cryptocurrency, the general income tax, corporate tax, and VAT consequences of the activity may come into play. (Turkish Revenue Administration)

Inheritance tax may be applied if Bitcoin or another crypto asset is inherited or donated; the TurkishRevenue Administration)

In addition, crypto platforms are subject to a special obligation to transfer 1% of their annual income, excluding interest income, to the Capital Markets Board (SPK) and 1% to the TÜBİTAK budget. (Turkish Grand National Assembly)

Therefore, the most sound analysis for taxing cryptocurrencies is:

Determining whether the transaction is carried out by a natural person or a company → examining whether the transactions are investments or commercial activities → determining the cost of purchase and the selling price → differentiating between crypto-crypto and wallet transfers → identifying payments for goods or services → separately evaluating inheritances and donations → checking current legislation

It should be done in this way.

Investors with transaction volumes of millions of Turkish Lira, companies engaged in cryptocurrency activities, and individuals holding significant portfolios on foreign crypto platforms should not disregard all tax obligations under the assumption that "there is currently no special cryptocurrency tax."

Because the fact that crypto assets are a new technology does not automatically eliminate the application of general provisions of Turkish tax law, such as commercial income, corporate income, VAT, or inheritance and transfer tax.