The draft law on cryptocurrency regulation is expected to be passed by the Verkhovna Rada will consider in the first quarter of 2025and by the summer this issue of legalization will be resolved. However, the issue of taxation of cryptocurrency income remains a subject of discussion. This was reported by Taras Kozak, president of the «UNIVER» investment group and a member of the Kyiv City Council. He also believes that the bill will be signed by the end of this year, and the regulation will start in 2026.
«I am an optimist and believe that even if not by the summer, but by the end of this year, the bill will pass all readings in the Verkhovna Rada, be signed, and in 2026, crypto will be legalized and its income will be taxed,» Kozak said.
According to him, business and the community are ready for a 5% tax on cryptocurrency income. However, the government is still considering standard taxation: 18% personal income tax plus 5% military duty. In addition, investors who invest before the law comes into force will pay this 23% not from the income received, but from the entire asset, as they will not be able to prove the origin of their initial finances.
«I am inclined to believe that there should be a small tax — from 5% to 10%. All incomes of citizens should be taxed, because our state lives on these funds, our army fights, we buy weapons and maintain security», Kozak added.
Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, has previously emphasized that one should not expect preferential taxation conditions for the cryptocurrency market. It is planned to apply a taxation model similar to securities transactions, where all investment income is taxed.