cryptotax

Switzerland, known as the "crypto valley" of Europe, has made an unexpected decision: the parliament unanimously postponed the implementation of the OECD framework agreement on reporting crypto assets (CARF) until 2027. This means that the automatic exchange of information on crypto accounts with foreign tax authorities will not begin earlier than in two years. Previously, the system was scheduled to launch on January 1, 2026, with the first data exchange in 2027, but political negotiations regarding OECD partner jurisdictions are slowing down the process.

Ukraine still hasn’t adopted its official cryptocurrency taxation bill the second reading won’t happen until early 2026 yet the Ministry of Finance and the State Tax Service have already launched a campaign called “Taxes Protect.”

And what are they explaining?
How we should already be paying taxes on crypto income… despite the fact that the Tax Code still doesn’t legally define “crypto assets,” “cryptocurrency,” or their tax status.
Yes. You read that correctly. 😂

💭 The Big Problem

There is no legal definition of:

crypto assets

how to classify them (property? claim? payment instrument?)

how traders, private entrepreneurs, miners, or freelancers should report them

But the message from fiscal authorities is:
“Just pay taxes — we’ll figure out the laws later.”

🤦 A Few Questions No One Answered

If I’m a private entrepreneur, do I still pay 18% + 5%?

What counts as working in the field of crypto trading?

How do I calculate capital gains if losses aren’t considered?

What documents prove “capital gain” if exchange statements aren’t fiscal documents?

If I report everything myself, do I risk a retroactive tax audit?

No explanations.
Just cheerful infographics — like something made for a kindergarten class — showing how “simple” the process is.

💸 Their Suggested Taxation Model

According to the presentation:

Personal income tax: 18%

Military tax: 5%

Basis: Net capital gain

But here’s the catch:
If yesterday you lost ₴100,000 and today you made ₴10,000…
They still count it as +10,000 gain, ignoring previous losses entirely. 😂

🏦 The “Bad Guy” Narrative

The presentation ends with emotional messages blaming underfunded:

military

emergency services

kindergartens

…on people who “don’t pay crypto taxes.”
Not a word about inefficient governance or wasteful ministries.

💳 My Personal Favorite Part

They warn that receiving crypto-related money on:

personal bank cards

or in cash

…is “bad practice.”
Anyone who has used P2P even once knows this is literally how 100% of non-exchange fiat flows work in Ukraine.

This shows a deep misunderstanding of the market from the very authorities trying to regulate it.

⚖️ Legal Reality

With no law, unclear asset classification, and no defined mechanisms for:

tax agents

calculation methods

documentation

…the first fine for “crypto tax evasion” would collapse in court immediately.

🎯 Final Thoughts

This is yet another attempt to pressure crypto users before giving them a legal framework.
In the midst of war and crisis, such incompetence isn’t just unhelpful it’s harmful.
Ukraine needs modern, clear legislation, not improvised “guidelines” that contradict reality.

I’ll keep watching how this unfolds.

#CryptoNews #ukrainecrypto #RegulationUpdate #web3community #cryptotax

Market Analysis: Thailand Solidifies Its Position as a Digital Asset Hub

A Five-Year Window for Tax-Exempt Crypto Gains

In a major move to boost its digital economy, Thailand has confirmed a significant tax exemption: 0% personal income tax on capital gains from Bitcoin and other digital assets. This policy, effective from January 1, 2025, to December 31, 2029, is designed to attract both domestic and foreign crypto capital. It’s an interesting signal, positioning the country as one of the most crypto-friendly tax jurisdictions in Asia.

While the news is highly bullish for Thailand's market, the exemption comes with a crucial condition that responsible traders must understand: The tax break applies only to transactions conducted through digital asset exchanges, brokers, or dealers officially licensed by the Thai Securities and Exchange Commission (SEC).
This isn't a blanket rule for all trading. The government is essentially offering a financial incentive to encourage transparency and compliance. By channeling trade volume into regulated domestic platforms, Thailand aims to grow its digital economy while adhering to international anti-money laundering (AML) standards.
It is important to note what this policy does not cover:
Other Income: Income from activities like staking rewards, mining operations, or airdrops is generally still subject to standard personal income tax rules.
Unlicensed Platforms: Gains realized on unregulated or offshore exchanges may not qualify for the exemption and could still be subject to Thailand’s standard income tax laws if the profits are remitted into the country.

Thailand’s move offers a compelling case study on balancing innovation with regulation. It rewards transparent, compliant market participation and is a clear statement of intent to become a regional hub.
Closing Insight
For anyone considering trading or investing in Southeast Asian markets, this policy reinforces the necessity of using regulated and compliant platforms. Always verify the licensing status of your exchange to ensure you are eligible for any tax benefits in your region.
Thailand is offering 0% capital gains tax on crypto through 2029. We break down the crucial conditions for qualifying for this major tax exemption.
Disclaimer
Not Financial Advice: This content is for educational and informational purposes only and is not tax or financial advice. Crypto tax laws are complex and change frequently. Consult with a qualified tax professional regarding your specific jurisdiction and circumstances.

#ThailandCrypto #CryptoTax #orocryptotrends #Write2Earn