{"id":80254,"date":"2023-06-15T12:22:15","date_gmt":"2023-06-15T09:22:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80254"},"modified":"2025-09-11T15:51:22","modified_gmt":"2025-09-11T12:51:22","slug":"ukraine-proposes-partial-tax-relief-for-cryptocurrency-holders","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ukraine-proposes-partial-tax-relief-for-cryptocurrency-holders\/","title":{"rendered":"Ukraine proposes partial tax relief for cryptocurrency holders"},"content":{"rendered":"

The Public Union “Virtual Assets of Ukraine” (“VAU”), together with the inter-factional MPs’ group Blockchain4Ukraine, prepared two proposals to the recently introduced bill on taxing cryptocurrency operations, ForkLog reported<\/a> by representatives of the organisations.<\/p>\n

In particular, they called for exempting individuals and legal entities from taxes on income from virtual assets held on their balance sheets for more than a year. The approach, according to the organizers, is used in Germany for all categories of taxpayers and in the United States for taxpayers at tax rates of 10-12%.<\/p>\n

Additionally, for a two-year transitional period from the market launch, they advocate a phased increase in tax rates on income from VA for individuals and corporate profits, starting at 5% in the first year and 10% in the second year.<\/p>\n

According to them, this will help stimulate the crypto market to move out of the shadows, attract global players to Ukraine, and draw investments into the post-war recovery of the country\u2019s economy.<\/p>\n

\n

\u00abWe advocate a regulatory model for the industry that will meet the mandatory EU requirements, but at the same time be as business-friendly as possible, taking into account the transitional period\u00bb, said the head of Blockchain4Ukraine and VAU’s supervisory board, Alexey Zhmerenetsky.<\/p>\n<\/blockquote>\n

The reception and discussion of remarks and amendments to the bills from members of the VA advisory council at the \u041d\u041a\u0426\u0411\u0424\u0420<\/span> will continue until June 30. Afterwards, authorities will submit their proposals for the document. The estimated date for registering the documents with the Verkhovna Rada is planned for August.<\/p>\n

In June, the \u041d\u041a\u0426\u0411\u0424\u0420 presented<\/a> a bill regulating the taxation of cryptocurrency operations in the country, and an updated text of the law “On Virtual Assets” with provisions implementing the European regulation MiCA<\/span>.<\/p>\n

Lawyers pointed to problems<\/a> with the tax bill.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Public Union “Virtual Assets of Ukraine” and Blockchain4Ukraine prepared proposals to the bill on taxing cryptocurrency operations.<\/p>\n","protected":false},"author":1,"featured_media":80255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,558,16],"class_list":["post-80254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-taxes","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80254"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80254\/revisions"}],"predecessor-version":[{"id":80256,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80254\/revisions\/80256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80255"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}