Cryptocurrency tax legislation is becoming clearer in Türkiye. Regular updates should be monitored.
Individual Investor
- Continuous buying and selling: commercial income (income tax)
- One-time: capital gain (income tax)
- Mining: agricultural/industrial income
Company
- Corporate tax
- VAT (service) in its presentation)
- Withholding tax
KVHS (Crypto Asset Service Provider)
- CMB license mandatory (after 2025)
- Minimum capital
- MASAK compliance
- Customer identification
Declaration Obligation
- Annual income declaration
- Assets in foreign exchanges are also declared must be paid
- Otherwise, tax penalty + interest
Tax Office Inquiry
- Tax office receives information through MASAK
- Domestic exchanges share data
- Information sharing for abroad (Binance, Coinbase) is limited (yet)
Supreme Court/Council
Council 4. The Department accepts that cryptocurrency transactions constitute "taxable income", and if not declared, a tax penalty will be imposed.
Practical Recommendations
- Keep transaction history records
- Annual declaration with a tax advisor
- Do not forget foreign assets
- Know MASAK threshold values
Tax and crypto law lawyer recommended.