🟡 — A bill on the taxation of crypto assets is being prepared for consideration in the Verkhovna Rada of Ukraine. The document has already passed the tax committee, and if adopted, a full crypto-tax system will come into effect in the country starting January 1, 2026.
📋 Main:
🔹 Classification of tokens:
Asset-backed (e.g., stablecoins)
Electronic money (linked to fiat currency)
All other virtual assets
🔹 What the law requires: — Ownership of cryptocurrency is confirmed by cryptographic keys
— For public token offerings — a 'white paper' is mandatory (analogous to a whitepaper)
— All exchanges, custodians, and other providers must undergo authorization and oversight
💰 Taxes for individuals: — Profit from crypto transactions is taxed (sale minus purchase)
— Exempt: • crypto-to-crypto exchanges
• Sales up to one minimum wage
• Tokens received for free from issuers
• Tokens purchased before the law is enacted, if sold in 2026 — preferential rate of 5% personal income tax
🏢 Taxes for companies: — Adjustments will be applied analogously to securities
— Expenses for cryptocurrency transactions — according to the list defined by the Ministry of Finance
— VAT is not charged, except for: • NFT
• Tokens that provide rights to property/services
• Services for trading and storing virtual assets (except consultations)
⚠️ Individual entrepreneurs (single tax payers) will be prohibited from any crypto transactions.
Providers are prohibited from using a simplified taxation system.
📊 Administration and penalties: — All crypto companies must register
— Annual report on clients and transactions — mandatory
— Penalties in 2026 — 10%, in 2027–2029 — 25%, thereafter — full amount
🧭 The law should eliminate the legal vacuum around cryptocurrency and aligns with the National Income Strategy of Ukraine (2024–2030) and the €50 billion reform from the EU.
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