💰 Ukraine 🇺🇦: The CNMV has Published a New Tax Matrix for Cryptocurrencies

💰 Ukraine 🇺🇦: The CNMV has Published a New Tax Matrix for Cryptocurrencies

The National Securities and Stock Market Commission has completed the tax project for virtual asset transactions.

▶️ These transactions will be subject to standard and preferential tax rates. Specifically, the standard rate will be 18% on the income of individuals, plus a 5% military contribution. Meanwhile, according to Article 167 of Ukraine's Tax Code, there are two options for a preferential rate: 5% and 9%.

Important❗️Staking, mining, forks, and airdrops are also considered income.

▶️ VAT: Ukraine will use the experience of European Union countries, where cryptocurrencies, although not a legal means of payment, may be exempt from VAT if accepted as a means of payment.

▶️ Exemptions: Donated virtual assets, donations, and transfers between the taxpayer's wallets will be tax-exempt.

▶️ Supervision: Oversight responsibilities will be shared between the CNMV and the National Bank of Ukraine.

#news #crypto #eastern_europe

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you