Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme

Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme

Under a proposal, certain crypto transactions would be taxed at the country’s standard 18% rate, as well as an extra 5% levy to support the country’s war costs.

People's Deputy Danylo Getmantsev commented on the draft law on crypto taxation

Ukraine Wants to Tax Crypto at 23%, Here’s the Catch - Crypto News Flash

Ukraine proposes a 23% tax on specific crypto transactions, excluding crypto-to-crypto trades and stablecoins. Crypto has become a key financial tool for Ukrainians amid ongoing conflict and limited banking access. The National Securities and Stock Market Commission of Ukraine (NSSMC) has just proposed a 23% tax rate for certain transactions involving digital assets. This sum includes 18% personal income tax and a 5% military levy. The action co…

Legalization of virtual currency in Ukraine: the National Securities Commission spoke about the preparation of a draft law Ukraine is preparing a draft law to legalize virtual assets, which is based on the European MiCA directive. The NSSMC, together with the NBU, are working on the document to protect investors.

Taxing Times in Ukraine: Crypto Cash-Outs Face 23%, Trading Exempt

The NSSMC has formulated how to tax crypto transactions in Ukraine. Stablecoins and crypto-to-crypto transactions will not be taxed in Ukraine. The proposed tax regime is to create guidelines for growing the crypto market. Ukraine’s National Securities and Stock Market Commission (NSSMC) has proposed taxing cryptocurrency transactions nationwide. Key details from the NSSMC’s submitted framework outline an 18% income tax and a 5% military levy. W…

Ukraine Proposes 23% Tax on Crypto Transactions with Stablecoin Exemptions

TLDR Ukraine’s financial regulator proposes 23% tax (18% plus 5% military levy) on certain crypto transactions Crypto-to-crypto trades and stablecoins may be exempt from taxation Framework addresses mining, staking, airdrops and hard forks with various taxation options Tax-free thresholds for small investors are being considered Ukraine is aligning with EU crypto regulations as part of its broader European integration Ukraine’s National Securit…