Ukraine to Charge Regular Income Tax on Non-Corporate Crypto Profits

  • Yuri Molchan
    📰 News

    Ukrainian government wants to gain their citizens’ crypto profit. Officials report their income of crypto transactions before coins are even getting any particular status


Ukraine to Charge Regular Income Tax on Non-Corporate Crypto Profits

Similarly to other countries, the Ukrainian government wants to gain part of their citizens’ crypto profit– in the form of taxes. Ukrainian state officials report their income from crypto transactions before electronic coins are even getting any particular economic status.

The deputies of Ukrainian government reckon that when electronic assets do receive an economic status, online exchanges will make sure traders declare their income and specify the source of it.

So far, Ukrainian deputies have declared their crypto either as property or as financial assets. Regular citizens are offered to do likewise. Otherwise, the situation with the legal status of virtual coins remains unclear.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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