Ukraine Proposes Taxation Framework for Crypto Transactions

According to Cointelegraph, Ukraine's National Securities and Stock Market Commission (NSSMC) has introduced a proposal to tax certain cryptocurrency transactions as personal income, with rates reaching up to 23%. This proposal, unveiled on April 8, excludes crypto-to-crypto transactions and stablecoins from taxation. The framework suggests an 18% tax on crypto transactions, supplemented by a 5% military levy. NSSMC Chairman Ruslan Magomedov emphasized the urgency of addressing crypto taxes, stating that it is a pressing reality source: https://www.binance.com/en/square/post/22712950831386?utm_source=BinanceNewsRSS