
The Verkhovna Rada has been recommended to consider a law on the taxation of crypto assets
Ukrainian parliamentarians have been asked to consider tax rules for crypto transactions in the first reading. The bill provides for three groups of virtual assets:
- Electronic money tokens (linked to a single official currency).
- Tokens linked to real assets (e.g., precious metals, the dollar, the euro).
- Other types of digital assets.
According to the draft law, cryptocurrencies are not recognized as official money and cannot be used for settlements in Ukraine.
When publicly offering crypto assets, the creation of a “white paper” will be mandatory — a document describing the digital project, information about its developers, and potential risks.
Profits from transactions with crypto assets will be taxed separately from other types of income. The difference between the sale and purchase price of the asset will be considered. For the sale of tokens purchased before the law comes into force, a preferential personal income tax rate of 5% is provided, for the rest — 18%.
The following are exempt from tax:
- Transactions for the exchange of cryptocurrency to cryptocurrency.
- Income from the sale of digital assets within the limits of one minimum wage.
- Earnings from the issuance of tokens and the free transfer of assets by their creators.
Most transactions with crypto assets will not be subject to VAT, except for transactions with NFTs and assets related to the transfer of property or services.
Companies working with cryptocurrencies in Ukraine (storage, trading, transfer) will have to obtain a license, comply with customer protection requirements, and report annually to the tax authorities. Violations will be subject to fines, which will be reduced in the first few years.
The new rules are scheduled to come into force on January 1, 2026.
