The Committee of the Verkhovna Rada of Ukraine on Finance, Taxation and Customs Policy unanimously supported a bill regulating the circulation and taxation of crypto assets. This was reported by the first deputy chairman of the committee, MP Yaroslav Zheleznyak, who noted that the revised document was supported and recommended for the first reading. The bill includes a provision for a preferential period until the end of 2026 with a tax rate of 5%, excluding the military levy.
This is reported by Business • Media
Committee Chairman Danilo Hetmantsev previously stated that the bill will be considered on April 24, 2025. The voting record can be viewed on the official YouTube channel.
Position on Cryptocurrencies in Ukraine
“Currently, we have only one bill under consideration. It is large and complex, concerning the circulation of virtual assets,” said Hetmantsev. He emphasized that Ukraine ranks among the top six countries in the world in terms of cryptocurrency adoption, accounting for 2.5% of the global cryptocurrency traffic. “We cannot and will not ignore such a significant phenomenon as crypto assets,” added the committee chairman.
Hetmantsev stressed that cryptocurrencies in Ukraine are not a means of payment and cannot be used as such, which aligns with the position of the National Bank. The bill aims to clarify the classification, oversight, and taxation of virtual assets. Concurrently, MP Zheleznyak outlined the main points of the document and the potential taxation model, including the classification of crypto assets, the mechanism for acquiring ownership rights, requirements for public offerings, the formation of white papers, authorization of service providers, protection of owners’ and clients’ rights, as well as the taxation model.
Hetmantsev confirmed that the proposed preferential period, taxation on capital gains, and self-declaration of income will remain key aspects of the bill. He emphasized that the adoption of the law will create clear rules for the crypto asset market and potentially have a positive impact on the state budget.
The date for the first reading of the bill has not yet been determined.