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

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Fri, 7/09/2018 - 14:04
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Ukraine to Charge Regular Income Tax on Non-Corporate Crypto Profits
Cover image via U.Today
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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.

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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