Permanent link to this article:Ukrainian MPs have revealed that the country is considering imposing a 5-10% tax on cryptocurrencies, preparing to vote on a relevant bill in the next few months.
Legalization of #cryptocurrencies in the country will be completed by mid-2025.
The head of the Verkhovna Rada Committee on Financial, Tax and Customs Policy, Daniil Getmantsev, said that everything possible will be done to speed up the process. In preparation for the vote on the bill on the legalization of cryptocurrencies, a tax on cryptocurrencies of up to 10 percent is planned to be introduced in the coming months. Ukraine is determined to move forward with the legalization of #digital assets, and the bill is expected to be ready by mid-2025.
local Ukrainian media reported on February 28 that Ukrainian MPs are expected to vote on the long-awaited bill within the next few months, but Uncertainty over the taxation of digital assets remains a key issue that could affect the country's growing #cryptocurrency sector. According to the report, the issue of legalization and taxation of cryptocurrencies in the country has been in limbo for some time, but "people's elected representatives are expected to vote on the relevant law as early as the first quarter of 2025". Taras Kozak, president of UNIVER Investment Group and member of the Kyiv City Council, said that the issue of the legality of the digital asset market will be resolved by the summer, but it is still unclear what will happen with income tax. Speaker Hetmantsev said that he was doing everything possible to speed up the adoption of the bill on the legalization of cryptocurrencies.
Already reported: Ukraine is moving towards the legalization of cryptocurrencies: lawmakers are expected to vote on the bill in the next few months.
Chairman Hetmantsev expects the first reading to take place at the end of March, and the second reading shortly thereafter.
"I think the tax should be small, about 5-10%.
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