Turkish ruling party proposes 10% crypto income tax, levy on service providers

ISTANBUL, March 2 (Reuters) - Turkey's ruling AK Party proposed on Monday adopting ‌a tax on cryptocurrency income and ‌a transaction levy on crypto asset service providers, in ​a draft law submitted to parliament. "Platforms must apply a 10% withholding tax on income and gains from crypto‑asset transactions on ‌a quarterly basis," ⁠the text of the draft said. Profits from crypto asset transactions conducted ⁠outside authorized platforms would be taxed through declaration in annual statements. Under t ...