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Bitcoin Taxes in Ukraine
The Verkhovna Rada of Ukraine has practically completed work on an updated bill regarding the regulation and taxation of virtual assets, reported the head of the tax committee, Daniil Getmantsev.
The document will be presented in the first quarter of 2025. The main change is the rejection of the possibility of preferential taxation of cryptocurrency transactions. The previously proposed document authored by the Ministry of Digital Transformation envisioned a preferential tax with a phased increase in rates—from 5% to 18%.
The withdrawal of assets to fiat is proposed to be taxed on profits similarly to securities.
“In consultations with European experts and the IMF, we are very cautious about the use of cryptocurrencies for tax benefits, as a potential means of tax evasion in traditional markets,” explained Getmantsev.
Before the adoption of the bill, the tax is levied on the entire amount of sold cryptocurrency based on the general taxation principles of the country.
The Verkhovna Rada of Ukraine has practically completed work on an updated bill regarding the regulation and taxation of virtual assets, reported the head of the tax committee, Daniil Getmantsev.
The document will be presented in the first quarter of 2025. The main change is the rejection of the possibility of preferential taxation of cryptocurrency transactions. The previously proposed document authored by the Ministry of Digital Transformation envisioned a preferential tax with a phased increase in rates—from 5% to 18%.
The withdrawal of assets to fiat is proposed to be taxed on profits similarly to securities.
“In consultations with European experts and the IMF, we are very cautious about the use of cryptocurrencies for tax benefits, as a potential means of tax evasion in traditional markets,” explained Getmantsev.
Before the adoption of the bill, the tax is levied on the entire amount of sold cryptocurrency based on the general taxation principles of the country.
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