Turkey Crypto Tax Guide 2025

Turkey does not have specific cryptocurrency tax legislation as of 2025, but the Revenue Administration (Gelir İdaresi Başkanlığı - GİB) treats cryptocurrency under existing capital gains and income tax rules. Crypto gains are generally taxed as securities income at progressive rates (15-40%). Given Turkey's high inflation, the inflation adjustment provisions are particularly important for crypto holders.

Capital gains from cryptocurrency sales are treated as securities income (menkul kıymet geliri) and taxed at progressive rates: 15% (up to ₺70,000), 20% (₺70,000-₺150,000), 27% (₺150,000-₺550,000), and 40% (above ₺550,000). These brackets are updated annually for inflation. Cryptocurrency is classified similarly to stocks and bonds for tax purposes.

Due to Turkey's significant inflation, taxpayers can adjust acquisition costs using the Consumer Price Index (TÜFE - Tüketici Fiyat Endeksi). This inflation adjustment can substantially reduce taxable gains by reflecting the real economic gain rather than nominal gain. The adjustment is calculated from the purchase date to the sale date using monthly TÜFE rates published by TÜİK (Turkish Statistical Institute).

Securities income (including crypto) under ₺70,000 per year may be exempt from taxation under certain conditions. However, this exemption is subject to meeting other income criteria and overall tax status. Consult with a Turkish tax professional to determine eligibility, as the rules are complex and change frequently.

Trading one cryptocurrency for another is considered a taxable disposal. You must calculate the gain or loss in TRY at the moment of trade using the fair market value of both cryptocurrencies. This follows the principle that any disposition of a capital asset triggers a taxable event, similar to trading stocks for other stocks.

Mining rewards and staking income are treated as commercial income (ticari kazanç) or professional income (serbest meslek kazancı) depending on the scale and organization of the activity. If done commercially, income is taxed at progressive rates (15-40%) and may be subject to VAT (KDV) at 18%. Casual mining/staking may be classified as other income.

Cryptocurrency capital gains and income must be reported on the annual tax return (Gelir Vergisi Beyannamesi) filed with GİB. The filing deadline is typically March 31 for the previous tax year. You must disclose all crypto disposals and income events, even if they fall below the taxation threshold.

When cryptocurrency is purchased with foreign currency (USD, EUR), you must also consider foreign exchange gains/losses separately. TRY depreciation against the foreign currency used can create additional taxable events. This adds complexity to cost basis calculations and requires tracking both crypto and forex positions.

Maintain comprehensive records for at least 5 years: transaction dates, TRY values at transaction time, exchange names, wallet addresses, inflation adjustment calculations (TÜFE indices), foreign currency positions if applicable, and documentation of acquisition costs. GİB can audit crypto transactions and request full supporting documentation.

Taxxy automatically applies Turkey's progressive tax rates (15-40%), calculates inflation adjustments using official TÜFE data from TÜİK, provides TRY valuations using Central Bank rates, handles foreign exchange gain/loss calculations, tracks exemption threshold eligibility (₺70,000), and generates GİB-compliant annual tax return data.