The Turkish Grand National Assembly reviews a draft bill aiming to expand the tax base, strengthen tax justice, and provide social support following the 2023 earthquakes. The proposal also introduces new rules for crypto assets and administrative measures.
Turkey’s government has submitted a draft Omnibus Law to the Grand National Assembly on 2 March 2026, proposing amendments to a range of financial and administrative laws. The legislation targets tax fairness, social support, and regulatory clarity, with particular attention to emerging areas such as crypto assets.
Crypto asset taxation
The draft law introduces a comprehensive framework for taxing crypto assets. Crypto assets are defined as intangible assets created and stored electronically using distributed ledger technology or similar methods.
The proposal establishes a Crypto Asset Transaction Tax of 0.03% on sales and transfers. Gains realised through authorised platforms will be subject to a 10% withholding tax (tevkifat), while transactions conducted outside these platforms must be reported in annual income tax returns.
Earthquake recovery and social measures
The bill provides targeted financial support for victims of the 6 February 2023 earthquakes. Individuals owing money for state-provided housing or workplaces may benefit from substantial debt discounts if payments are made in full by 31 December 2026. Residential properties qualify for a 74% discount, while workplaces receive a 48% reduction. Additionally, the fee for paid military service (bedelli askerlik) is set to increase by 25%, with the base index rising from 240,000 to 300,000 Turkish Liras, to fund defence industry initiatives.
Tax base expansion and adjustments
The draft law seeks to broaden the tax base and limit exemptions. Key changes include:
- Special Consumption Tax (ÖTV) now applies to diamonds, pearls, and other precious or semi-precious stones (excluding industrial uses) at a rate of 20%.
- Expenses for advertising and promotion related to luck and betting games are no longer deductible from commercial income.
- Healthcare institutions operating under foundation universities will lose their corporate tax exemptions.
- The daily meal allowance exempt from social security premiums is fixed at 300 Turkish Liras.
Administrative and corporate measures
The proposal also outlines several administrative reforms:
- BOTAŞ is authorised to offset unpaid taxes, funds, and fines against its receivables from the Treasury.
- Following a Constitutional Court annulment, the law codifies the role of the Defterdar as the highest-ranking provincial official within the Ministry of Treasury and Finance.
- Public institutions may sell surplus real estate through the Privatisation Administration, with net proceeds returned to the originating institution.
Earlier, Turkey’s Law No. 7566, adopted on 4 December 2025 and published in the Official Gazette on 19 December 2025, introduced new rules for 2025–2026, covering residential rental income, capital gains, social security contributions, and UEFA-related tax reliefs.
