Page 1 of 1

Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Mon Sep 10, 2018 5:23 pm
by Vladar49
Crypto market in Ukraine remains unregulated, however, the government wants to impose taxes on this area anyway. According to an official from the Finance Ministry, a regular income tax is expected to be imposed on any digital currency activity, such as mining or trading.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ukrainians-to-pay- ... ocurrency/

Image

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Sat Apr 27, 2019 9:09 pm
by Nilar
That's if they will catch you anyway. And how it will be controlled, lot of people just withdraw USD and EUR to their personal banking accounts and that's it;) And nobody pays that 18% + 1.5% war tax in current conditions. They should do it automatically like with fixed deposits;)

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Thu Jun 06, 2019 10:47 pm
by ErikaSanders
That's if they will catch you anyway. And how it will be controlled, lot of people just withdraw USD and EUR to their personal banking accounts and that's it;) And nobody pays that 18% + 1.5% war tax in current conditions. They should do it automatically like with fixed deposits;)
Yes, but they pay this tax from their official salaries and pensions, so the general sum is really big. And it would be great to know that all this money goes for solving the issue as we all know about the level of corruption in Ukraine.

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Mon Jun 17, 2019 10:19 am
by juliusbag
Wow, that's a lot... But there are so much black money in the Ukraine, so I don't think it will affect cryptopeople. :)

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Thu Jul 11, 2019 4:47 pm
by CryptoWarrior
It's cool to see how the third world countries recognize cryptocurrencies, but tax is too damn big, and who gonna pay it anyway? why people can't just trade anonymously?

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Sat Apr 18, 2020 11:02 am
by Qyuhn
With such a percentage, everyone who was involved in cryptocurrency activities will hide their income and look for ways to avoid paying this tax.

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Wed Jun 10, 2020 10:28 pm
by typical_user
Crypto created for avoid taxes and banks

>Ukrainians to Pay 19.5% Income Tax

:D :D :D

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Mon Jun 22, 2020 10:27 pm
by BitcoinQueEs
Ukraine does love its bureaucracy and financially oppressing it's own people. I have a feeling they will have trouble enforcing it, though.

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Sun Jun 28, 2020 6:05 pm
by nandibear
Here's the source:

Deputy Minister of Finance Sergey Verlanov: The time for reform in PowerPoint format is over
by Galina Kalachova
September 6th, 2018

https://www.epravda.com.ua/rus/publications/2018/09/6/640249/

The article (it's very long) mentions cryptocurrency twice. It also mentions, among many other tax applicable items, electric car imports which apparently weren't being taxed.

Talks about a new tax police (this was 2018 though).

Any errors in the foregoing are mine alone (based on what I read (or skim reading) after translation the Ukrainain to English.

Re: Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Posted: Sun Aug 23, 2020 10:32 am
by OneChain
19% tax is too crazy!!!