Ukrainian regulators are prepared to start taxing crypto gains at 18% from 2024, with lawmakers set to vote on proposals this fall.
Per Forbes Ukraine, the National Commission for Securities and the Stock Market is set to unveil a draft law, which will be set before lawmakers at the next parliamentary session.
The market regulator’s proposals include creating a flat-rate 18% tax on “income” from crypto “investments,” but military servicepeople will only need to pay 1.5%.
Commission member Yuriy Boyko said: “We hope that the law will be adopted in September, and will come into force in 2024.”
The commission also proposes granting itself and the central bank regulatory powers over the sector.
The draft law would also require all Ukrainian crypto exchanges and brokerages to apply for commission-issued operating permits.
Kyiv has been attempting to modify its crypto regulations in line with the EU in recent weeks, and wants to introduce regulations in the spirit of the EU’s Markets in Crypto-Assets (MiCA) legislation.
