Ukraine Could Slap Crypto Incomes with 5% Tax Plus 1.5% Military Charge
Cryptovest
Published Aug 10, 2018 07:14AM ET
Updated Aug 10, 2018 08:21AM ET
Ukraine Could Slap Crypto Incomes with 5% Tax Plus 1.5% Military Charge
Ukraine is planning to introduce a tax on profits from cryptocurrency trading when the gains are withdrawn in fiat money or when cryptos are used in payment for goods and services, according to a report from local news outlet Liga.Biznes.
The proposal is included in a draft bill to be submitted before the Rada (Ukraine’s parliament). The tax will amount to 5%, and there will be an additional 1.5% for the temporary military charge. The latter was introduced in 2014 to finance the army reform and is collected from all physical residents and non-residents collecting income in Ukraine.
The draft bill will be brought up for...
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