Proposes 18% Tax On Earnings
Ukraine’s National Securities and Stock Market Commission (NSSMC) unveiled its virtual asset taxation matrix to advance the government’s efforts to legalize cryptocurrencies in the coming months.
Ukrainian Regulator Develops Crypto Taxation Matrix
Ruslan Magomedov, Chairman of the NSSMC, revealed the long-awaited regulator’s proposal for crypto taxation, aiming to offer a practical tool for taxpayers, regulators, lawmakers, and experts that allows “structuring various scenarios of taxation of virtual assets.”
The NSSMC Chair noted that taxation is “not only a tool for filling the budget but also an important mechanism for regulating the market,” adding that an effective tax policy could prevent financial abuse, minimize…
