Ukraine floats 23% tax on some crypto income, exemptions for stablecoins
The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options.
Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.
Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission.
NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.”
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