Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Crypto

Ukraine: proposed 23% tax on certain crypto income

Newsroom by Newsroom
April 16, 2025
in Crypto
ucraina
Share on FacebookShare on TwitterShare on Linkedin

The Ukrainian National Securities and Stock Market Commission (NSSMC) has introduced a new tax framework for cryptocurrencies.

On April 8, Ukraine proposed a crypto tax that could reach 23% on specific transactions, while maintaining certain exemptions. The NSSMC published a framework outlining an 18% personal income tax on crypto-derived income, along with an additional 5% military contribution. NSSMC Chair Ruslan Magomedov emphasized that “the issue of crypto taxation is not hypothetical, but a rapidly approaching reality.”

The framework is intended to equip lawmakers with the tools to make informed decisions, weighing the pros and cons of each proposal. “These aspects can have a critical impact on the market and tax responsibility,” added Magomedov.

Stablecoins and crypto-to-crypto trades exempt

A key aspect of the proposal is that the tax would apply only when crypto is converted into fiat currency or used to purchase goods or services. Crypto-to-crypto transactions would remain tax-exempt. The commission also suggested that it “makes sense” to exclude stablecoins pegged to foreign currencies from taxation, or apply a reduced 5% or 9% rate, since Ukrainian tax law already excludes income from foreign exchange transactions.

The framework also addresses other crypto-related activities such as mining, staking, hard forks, and airdrops. Mining is generally treated as a business activity, while staking may be classified as “business income” or taxed only upon conversion to fiat. Hard forks and airdrops may be taxed either as ordinary income or upon conversion to money.

Exemption thresholds proposed

The NSSMC proposed that tax exemption thresholds could help “ease the burden on small investors,” a practice common in other jurisdictions. Exemptions were also proposed for donations, family transfers, and long-term holdings.

Last December, Daniil Getmantsev, head of the Ukrainian Parliament’s tax committee, announced that a draft law to legalize crypto was under review and expected to be finalized early this year. Ukrainian President Volodymyr Zelenskyy had already signed a law in March 2022 establishing a legal framework for a regulated crypto market in the country.

Previous Post

Former Ethereum developer Virgil Griffith released from custody

Next Post

The miners’ race: imports surge ahead of tariff enforcement

Latest News

Il futuro del mining? Green e decentralizzato
Bitcoin

The future of mining? Green and decentralized

by Plak
May 28, 2025
0

An analysis of the present and a look at the future of Bitcoin mining, between data, critical reflections and a...

Read moreDetails
Polemica Bitkey: il marketing di Dorsey divide la community
Bitcoin

Bitkey controversy: Dorsey’s marketing divides the community

by Newsroom
May 28, 2025
0

Block's hardware wallet sparks debate between security and borderline compromises.

Read moreDetails
Cantor Fitzgerald lancia i primi prestiti garantiti da bitcoin
Bitcoin

Cantor Fitzgerald launches first bitcoin-backed loans

by Newsroom
May 28, 2025
0

The Wall Street financial institution has signed strategic agreements for bitcoin-backed loans with Maple Finance and FalconX.

Read moreDetails
bitcoin
Bitcoin

Jack Dorsey’s Block to integrate Bitcoin payments into Square

by Newsroom
May 28, 2025
0

Jack Dorsey’s company is bringing bitcoin payments to the retail market through the Lightning Network.

Read moreDetails
bitcoin
Bitcoin

El Salvador: IMF ready to block new Bitcoin purchases

by Newsroom
May 28, 2025
0

The IMF wants to ensure that the Central American country stops buying more Bitcoin, despite President Bukele’s stance.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie