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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
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Tax Preparation for Bitcoin (BTC) and Cryptocurrencies from Ukraine! Which Transactions Will Be Exempt from Tax?
While the tariff wars between USA and China continue, Ukraine has taken a significant step towards regulating cryptocurrencies.
The Ukrainian National Securities and Stock Market Commission (NSSMC) has presented a comprehensive taxation proposal for cryptocurrencies.
The proposal designed to be compatible with global applications will provide the clarity needed on how cryptocurrency-related activities such as mining, staking, and airdrops will be taxed.
The proposal shared with the public suggests an 18% personal income tax and an additional 5% military tax on digital asset gains.
The offer includes preferential tax rates of 5% and 9% for certain categories as an alternative to the standard tax of 18%.
The proposal states that transactions from crypto to crypto will be exempt from taxation, while mining, staking, and airdrop transactions will be taxed. The proposal is currently under review in parliament.