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Ukraine Moves Toward Crypto Taxation With First Reading of New Bill
Ukraine’s parliament, the Verkhovna Rada, has advanced legislation aimed at regulating and taxing digital assets, signaling a significant policy shift in the country’s approach to cryptocurrencies. The bill, which passed its first reading with 246 votes in favor, introduces an 18% income tax on profits from digital asset transactions, alongside a 5% military levy. The proposed framework would bring digital assets into alignment with Ukraine’s broader taxation regime, particularly as the government continues to fund defense and reconstruction efforts amid the ongoing war. A key provision in the bill is the ... (full story)
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