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Ukraine Moves to Legalize and Tax Crypto, Proposing an 18% Income Tax and a 5% Military Tax


by Peter Mwangi
for CoinEdition
Ukraine's parliament is moving to legalize and tax cryptocurrency with a new bill, including a military tax.
  • Ukraine introduces 18% income and 5% military tax on cryptocurrency profits.
  • Oversight body undecided between National Bank and Securities Commission.
  • Regulation could recover $10 billion and attract global crypto investment.

Ukraine’s parliament has passed the first reading of a landmark bill to legalize and tax digital assets, a strategic move to fund its war effort and stabilize its economy. 

The proposal introduces a significant 18% income tax and a 5% military tax on all crypto profits, signaling the country’s intent to integrate its massive crypto sector into the formal economy.

Breakdown of Ukraine’s Proposed Crypto Tax Law

The draft bill, which passed with 246 out of 450 votes, creates a new, comprehensive tax framework for crypto holders and businesses.

What are the new t…

The post Ukraine Moves to Legalize and Tax Crypto, Proposing an 18% Income Tax and a 5% Military Tax appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Ukraine Moves to Legalize and Tax Crypto, Proposing an 18% Income Tax and a 5% Military Tax


by Peter Mwangi
for CoinEdition
Ukraine's parliament is moving to legalize and tax cryptocurrency with a new bill, including a military tax.
  • Ukraine introduces 18% income and 5% military tax on cryptocurrency profits.
  • Oversight body undecided between National Bank and Securities Commission.
  • Regulation could recover $10 billion and attract global crypto investment.

Ukraine’s parliament has passed the first reading of a landmark bill to legalize and tax digital assets, a strategic move to fund its war effort and stabilize its economy. 

The proposal introduces a significant 18% income tax and a 5% military tax on all crypto profits, signaling the country’s intent to integrate its massive crypto sector into the formal economy.

Breakdown of Ukraine’s Proposed Crypto Tax Law

The draft bill, which passed with 246 out of 450 votes, creates a new, comprehensive tax framework for crypto holders and businesses.

What are the new t…

The post Ukraine Moves to Legalize and Tax Crypto, Proposing an 18% Income Tax and a 5% Military Tax appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Top meme coin Shiba Inu (SHIB) has surged over the past week, inching closer to its o...
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