Cryptocurrency Taxation (2026) – Ukraine

Crypto gains from assets acquired after law enters force: standard 18% PIT plus 5% military tax. Total 23%. Calculated on net annual gains (sales proceeds minus documented acquisition costs). Only taxed when converted to fiat currency.

Crypto acquired BEFORE law takes effect: preferential rate 5% PIT plus 5% military tax if sold during 2026. Total 10%. Amnesty provision encouraging disclosure. Starting 2027, standard 23% rate applies to all holdings.

Exchanges between different cryptocurrencies NOT subject to tax. Only conversion to fiat (hryvnia or foreign currency) triggers taxation. Allows portfolio rebalancing without tax implications. Follows international best practices.

Income from mining and staking activities taxed as regular income: 18% PIT plus 5% military tax. Total 23%. Taxed at fair market value when received. Treated same as business or employment income.

New mechanism for long-term savings. Zero rate of PIT and military tax if: account maintained 5+ years, no withdrawals during period, invest only in Ukrainian company securities. Annual contribution cap 300× minimum wage (UAH 2.6 million). Single account per person.

Issuing, placing, selling, exchanging, redeeming virtual assets NOT subject to VAT. Exceptions: NFT sales, VA representing property rights/service claims. Service provider consulting services taxed at standard 20% VAT.

VA transactions prohibited for unified tax (simplified system) payers. Service providers related to VA circulation cannot use simplified taxation. Must use general taxation system with full accounting requirements.

Must account for exchange rate differences when calculating gains in hryvnia. Can create taxable profits in UAH despite foreign currency losses. Important consideration for tax planning given hryvnia volatility.

Virtual asset service providers must register with State Tax Service within 60 days of commencing services to Ukrainian residents. Providers serving residents before December 31, 2025 must register by July 1, 2026.

Service providers must submit annual reports on transactions by Ukrainian residents. Implements OECD Crypto-Asset Reporting Framework (CARF) and EU DAC8 directive. State Tax Service will receive transaction information.

Individuals must declare crypto income in annual tax return by May 1. Report net gains from fiat conversions. Public officials and parliamentarians must declare all crypto holdings annually regardless of sales.

Service providers need permits from National Securities and Stock Market Commission (NSSMC). Permit valid one year. Fees: storage/administration ~€2,850 (residents) / €5,700 (non-residents); exchange ~€1,800; transfer ~€1,800; intermediary ~€1,400.

Ukraine aligning regulations with EU Markets in Crypto-Assets (MiCA) Regulation effective December 30, 2024. Reflects commitment to EU integration and harmonization. Positions Ukraine as progressive crypto jurisdiction.

Law No. 2074-IX 'On Virtual Assets' passed in 2022 but awaits tax code amendments. Will enter force once taxation framework finalized. Establishes legal foundation for crypto market, licensing, consumer protection.

Virtual assets explicitly NOT legal tender in Ukraine. Cannot be used as official means of payment. Can be owned, traded, invested, but not spent for goods/services. National Bank of Ukraine maintains monetary control.