Ukraine will apply taxes on cryptoactives
The local Parliament is evaluating the possibility of applying a 5% rate for citizens and companies that handle digital currencies
The Ukrainian Parliament is considering the possibility of applying taxes of 5% on any cryptoactive that is in the hands of companies or citizens.
In case the bill is approved, companies will be forced to pay taxes of 18% from 2024.
The proposal also offers the possibility of describing cryptocurrencies based on the Ukrainian Tax Code as a virtual asset as a token, which operates as a means of exchange or stock shop.
The law also defines virtual assets as a way of digitally registering that can be used as a means of exchange, unit of account or storage wallet.
“Taking into account the current situation, Ukrainians are deprived of the opportunity to raise funds and resources to develop their ideas and technologies through traditional instruments. Therefore, last year, Ukrainian companies did not obtain a single dollar through an IPO, at the same time, according to the Ukrainian association UVCA and Deloitte in 2017, 19 local startups attracted USD $ 160 million or more than 4,300 million UAH through ICO,” explained the initial document.
According to the Ukrainian regulatory bodies, the country handles about 98.7 billion of its national currency in cryptocurrencies, which represents about three thousand 500 million dollars.
K. Tovar
Source: CoinDesk
Recibe ésta y todas nuestras informaciones directo en tu celular a través de nuestro canal en Telegram:https://t.me/BitFinanceNews
