Ukraineâs securities regulator has proposed applying the countryâs full personal income and military taxes to crypto gains, totaling 23%.
Ukraineâs Securities and Exchange Commission has proposed a 23% tax on individual income from crypto operations, consisting of an 18% personal income tax and a 5% military levy.
In a 32-page consultation paper, the agency noted that taxation of personal income from crypto transactions is âone of the most complex aspectsâ in building a tax system in the field of digital assets.
The main challenge, it said, comes from the anonymous and decentralized nature of crypto as many operations with cryptocurrencies âare carried out through decentralized platforms or using self-hosted wallets, which makes automatic tracking by tax authorities impossible.â Another issue is that individuals, not intermediaries, are responsible for reporting income.
“与传统收入(工资、股息)不同,传统收入的纳税义务由税务代理人(例如雇主或银行)履行,而虚拟资产的纳税义务通常由个人履行。”
乌克兰证券交易委员会
它还指出,纳税人通常无法证明他们在购买代币上花了多少钱,因为购买代币的费用“通常不存在,特别是如果它们是通过点对点交换、空投或挖矿获得的”。
Crypto price swings further complicate tax obligations, the regulator says, adding that rapid changes in crypto prices âcan lead to situations where a person is obliged to pay tax on âpaper profitâ that disappeared due to a market drop.â
On top of that, many users may not even know they owe taxes at all, the regulator says. In the document, the commission called for simplified reporting models, fiat-exit taxation, and digital tools to help individuals meet their tax obligations.