Turkey’s new 19‑article bill introduces a 0.3% transaction tax on crypto trades and a 20% special consumption tax on diamonds, while explicitly exempting crypto transactions from VAT. The proposal also removes certain tax deductions and adjusts other tax exemptions, marking a significant shift in the country’s fiscal framework.
A 0.3% transaction tax will be levied on crypto sales and transfers via service providers.
No, VAT will not apply to crypto transactions, preventing double taxation.
Diamonds and related precious stones will be subject to a 20% special consumption tax at the point of sale.
This summary was published on VATfaqs.com on 04 March 2026. It relates to VAT developments in Türkiye. The original source is Hürriyet Daily News.
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