Taxation of crypto assets: The Ministry of Finance and the Tax Service of Ukraine provided clarifications
The Ministry of Finance of Ukraine, together with the State Tax Service, has launched a communication campaign called "Taxes Protect", which details approaches to taxation of income from crypto assets. According to the new clarifications, persons engaged in crypto trading are obliged to pay personal income tax (18%) and military duty (5%). This includes the obligation to file an income tax return through an electronic cabinet.
Source Incrypted
In addition, the legislators emphasized the importance of paying taxes, as failure to do so can lead to serious consequences. Currently, Ukraine is also developing a draft law on virtual assets, which, among other things, includes taxation mechanisms. This document is under consideration and its second reading is scheduled for early 2026, which is an important step in the development of the regulatory framework for the cryptocurrency market.
The draft law provides for similar taxation rates, but also introduces a "grace period" for legalization of income derived from crypto assets. Due to the lack of clear regulation, Ukraine is already talking about losses of UAH 10 billion, which emphasizes the relevance of these initiatives.
