ANKARA

Cryptocurrencies and diamonds are set to face new taxation under a sweeping legislative proposal submitted to parliament, marking a shift in Türkiye’s fiscal framework.

The 19-article bill aims to “strengthen tax justice” by broadening the tax base across digital assets and luxury consumption, according to Abdullah Güler, head of the ruling Justice and Development Party’s parliamentary group. The proposal has been formally presented to the Grand National Assembly.

At the forefront is the fast-growing crypto sector, which has drawn significant retail interest in Türkiye in recent years. Under the proposal, sales and transfers of digital assets carried out via crypto service providers…