Ukraine Accelerates Virtual Asset Legislation Process... Tax Measures Under Discussion
Summary
- It was reported that Ukraine is accelerating the legislative process for the legalization of virtual assets.
- Various tax measures for virtual assets are being discussed, with rates ranging from 5-10% to as high as 23%.
- The bill is expected to incorporate virtual assets into the institutional framework while securing revenue sources for the national budget and military funding.
Ukraine is accelerating the legislative process to legalize virtual assets (cryptocurrencies).
According to CryptoSlate on the 1st (local time), the Ukrainian parliament is expected to vote on a bill that includes imposing income tax on virtual asset investors within a few months.
The main issue appears to be the taxation approach for virtual assets. The government is reportedly considering tax rates of 5-10%, but there are also discussions about imposing an 18% income tax and a 5% military tax. In this case, the total tax rate would reach 23%.
The Ukrainian government aims to incorporate the virtual asset market into the institutional framework while securing a revenue source for the national budget and military funding through this legislation. The final bill is expected to be prepared by mid-2025.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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