Crypto Tax Bill Proposed By Ukrainian Parliament

News, Regulation | September 18, 2018 By:

The Verkhovna Rada, the Ukrainian parliament, has proposed a bill that would tax residents’ crypto-related profits.

Initiated by 23 government officials, the tax bill proposes a 5 percent tax on profits that private individuals and corporate entities realize from trading their cryptocurrencies. The bill states that these profits must be reported separately from other forms of income.

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