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Author Topic: [2018-09-10]Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurren  (Read 47 times)
Vladdirescu87
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September 10, 2018, 03:23:44 PM
 #1

Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency

Crypto market in Ukraine remains unregulated, however, the government wants to impose taxes on this area anyway. According to an official from the Finance Ministry, a regular income tax is expected to be imposed on any digital currency activity, such as mining or trading.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ukrainians-to-pay-income-tax-on-their-profit-from-cryptocurrency/



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September 10, 2018, 03:33:33 PM
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Ukrainians to Pay 19.5% Income Tax on Their Profit From Cryptocurrency


This is freaking too much for a tax and even here on my country asking out 12% tax would really just like on tying a rope on your neck when you are just a regular employee or earner.How much more on crypto earnings.
I doubt on how they would able to impose strictly with that law since they haven't even consider it to be regulated.They cant easily track it out which still people will really evade those new laws and with these kind of news I'm not really surprised at all.
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September 10, 2018, 05:27:31 PM
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The Verkhovna Rada of Ukraine is currently considering four draft laws on the regulation of the crypto currency. One of them provides full exemption of citizens from taxation in crypto-alaite, the other sets 5 percent of the profit tax. The government of Ukraine, thus, runs ahead of the locomotive. If such a high tax is established, all that this government will achieve is that citizens will shy away from paying such a high tax and the state will not get anything. It is so stupid.

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September 10, 2018, 05:45:24 PM
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What? That’s too much for an unregulated market. Doing such a move will strengthen the idea of anonymity and doubts about any future laws on the regulation of imposing taxation.

In the standing of mining income today, then the investors might shut down any operations without hesitation because of this tax alone and the difficulties at this point.

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September 10, 2018, 08:38:59 PM
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Ukrainians do not yet pay any profit tax from the crypto currency, and if it is installed in such a large amount, they are unlikely to pay. As always, the government wants to collect more money from citizens, but in fact they will receive the minimum amount, because by such draconian measures they will drive the crypto currency into the shade. There are so many ways to avoid paying taxes and it is bad that the Ukrainian government does not understand this. Although, there are still no laws yet, and bills on the crypto currency have been introduced into the country's legislative body good.

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September 11, 2018, 03:13:50 AM
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That will make any trader or miner get discouraged. If I were them, I will fly to Germany or any country where at least the taxing system on crypto is fair. Their government aren't really interested on crypto but they still want to tax it and that is pure idiotic.

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