Ukraine Parliament wants a significant tax on crypto profits


At the beginning of last month, news broke that the government of Ukraine wanted to place a tax on all cryptocurrency activity. Crypto mining activity and sales that come from selling digital currency would be assessed a 5% tax on top of the current 1.5% tax that all Ukrainians pay. Now, it would seem that lawmakers have a different scheme in mind, and could see even higher taxes paid by some in the country.

In a draft law published on the government’s website a few days ago, the 5% tax would still be assessed to legal entities and individuals for their crypto assets. However, the law, which was backed by 23 government officials, would introduce another 18% tax on crypto‐related profits by businesses.

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