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Turkey's Grand National Assembly is set to review a bill proposing significant economic reforms, including a new taxation framework for crypto assets, starting March 24. The proposed legislation includes a 3 per mille tax on crypto transactions and a 10% income tax on profits from crypto investments. These measures aim to enhance transparency and reduce informal activities in the crypto market.The Union of Chambers of Certified Public Accountants and Financial Advisors of Turkey (TüRMOB) has raised concerns about the proposal, citing ambiguities such as the lack of clarity on profit-loss offsetting across platforms, VAT applicability on platform fees, and the definition of "same type of crypto asset." TüRMOB also warned that the broad discretionary power over tax rates could lead to constitutional issues. The outcome of the discussions in the assembly will be crucial for the future of crypto taxation in Turkey.

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