📢Ukraine🇺🇦: Virtual asset regulation and taxation is on the horizon

📢Ukraine🇺🇦: Virtual asset regulation and taxation is on the horizon

A new bill has been approved by the Verkhovna Rada Committee and has already passed its first reading.

▶️ Virtual assets will not be recognized as money, and will receive a legal status similar to movable property. They are proposed to be classified into three categories:

🟡Asset-backed tokens
🟡Electronic money tokens
🟡Other virtual assets

▶️ The bill aims to reduce the tax burden on market participants:

🟡Starting January 1, 2026, only the net profit from virtual asset transactions will be taxed.

🟡Individuals selling assets acquired before the law comes into effect can benefit from a preferential 5% tax ratethroughout 2026.

🟡For assets acquired afterward, two options are proposed:

🟡Standard rate: 18% personal income tax + 5% military tax

🟡Preferential rate: between 5% and 9%

🟡These rates will apply both to crypto–fiat conversions and the use of crypto as a payment method.

🟡Individuals will be responsible for declaring and paying taxes themselves.

🟡No tax will apply to assets obtained through issuance, free transfers by issuers, or exclusive exchanges for personal data.

▶️ For legal entities:
VAT will not apply to issuers or asset traffic service providers (but will apply to consulting services).

▶️ Virtual asset service providers (custody, trading, transfers, etc.) must be registered and authorized.

🟡A transitional period will include reduced penalties for non-compliance:

✔️In 2026: 10% of the standard fine
✔️From 2027 to 2029: 25%

▶️ Public offerings will require a white paper with detailed information about the asset, the issuer, and the associated risks. Market access will be regulated through authorization and disclosure processes.

#news #exUSSR #crypto

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