[2018-10- 04]Ukrainian Lawmakers to Talk About Tax Holiday for Digital Currency

[Vladdirescu87]

This week, Verkhovna Rada, the Parliament of Ukraine, will consider a draft law which amends the country’s tax code, suggesting tax immunity for all digital currency market users up to the end of 2029.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/ukrainian-lawmakers-to-talk-about-tax-holiday-for-digital-currency-users/

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[Irvinn]

Good news for the owners of cryptocurrency in Ukraine and all those who approve and support it. True, the deputies of the Verkhovna Rada of Ukraine are very unpredictable in their actions, especially now, when political contradictions have sharpened before the oncoming elections in this country. Therefore, the likelihood that this bill will be adopted is not that big. However, the alternative bill on the payment of a five percent interest tax on cryptocurrency is also quite good.

[deisik]

Nothing compared to what Russian authorities did

As they simply declared that local officials are not obliged to declare their income earned with cryptocurrencies for the time being. In plain and simple terms, it means that cryptocurrencies are officially completely tax-exempt in Russia. And that is quite in line with the practice by which the Tax Service of Russia, a federal body responsible for taxing in Russia (like the IRS in the US), doesn't go after profits earned by individuals through currency exchange operations (apart from trading), which feels kind of natural

[yesyes18]

Well, it seems people are now recognising that this technology has indeed come to stay and they have to embrace it. And it seems every country wants to try and find a way to make them crypto-friendlly. Let's hope other countries follow suit.

[gentlemand]

So they're thinking of doing themselves out of a decade of tax? Nice for the locals who own it. The others who don't who pay whatever capital gains on their conventional assets might be less impressed. Who knows where it'll be in ten years? Maybe every single Ukrainian will abandon other assets and pile in there.

[hatshepsut93]

So they're thinking of doing themselves out of a decade of tax? Nice for the locals who own it. The others who don't who pay whatever capital gains on their conventional assets might be less impressed. Who knows where it'll be in ten years? Maybe every single Ukrainian will abandon other assets and pile in there.

There were many proposals in the last few years in Ukraine regarding crypto regulations, and even though most of them were relatively friendly (this one is probably the most generous), none of them have managed to get to the phase of voting, they just got stuck. Most of the MP's and their party leaders don't care about cryptocurrencies, or maybe they just like this unregulated status. So, there's no chance that this bill will pass.

[Rustamm]

So they're thinking of doing themselves out of a decade of tax? Nice for the locals who own it. The others who don't who pay whatever capital gains on their conventional assets might be less impressed. Who knows where it'll be in ten years? Maybe every single Ukrainian will abandon other assets and pile in there.

There were many proposals in the last few years in Ukraine regarding crypto regulations, and even though most of them were relatively friendly (this one is probably the most generous), none of them have managed to get to the phase of voting, they just got stuck. Most of the MP's and their party leaders don't care about cryptocurrencies, or maybe they just like this unregulated status. So, there's no chance that this bill will pass.

In principle, unregulated status is also not bad. Especially if you know that there are some good bills in the legislature. Ukraine will soon have elections: at the end of March next year, presidential, and at the end of October - in the Verkhovna Rada. Before and after elections, deputies usually pass good populist laws. Therefore, it is possible that they will soon be accepted about cryptocurrency.

[hatshepsut93]

So they're thinking of doing themselves out of a decade of tax? Nice for the locals who own it. The others who don't who pay whatever capital gains on their conventional assets might be less impressed. Who knows where it'll be in ten years? Maybe every single Ukrainian will abandon other assets and pile in there.

There were many proposals in the last few years in Ukraine regarding crypto regulations, and even though most of them were relatively friendly (this one is probably the most generous), none of them have managed to get to the phase of voting, they just got stuck. Most of the MP's and their party leaders don't care about cryptocurrencies, or maybe they just like this unregulated status. So, there's no chance that this bill will pass.

In principle, unregulated status is also not bad. Especially if you know that there are some good bills in the legislature. Ukraine will soon have elections: at the end of March next year, presidential, and at the end of October - in the Verkhovna Rada. Before and after elections, deputies usually pass good populist laws. Therefore, it is possible that they will soon be accepted about cryptocurrency.

It doesn't always work like that, sometimes they pass shitty laws regardless of the upcoming elections. Also, even very positive crypto regulation can't really be considered a populist move, because only very small fraction of the population owns and uses cryptocurrencies, most of the people probably only have heard about it a few times, when it was reported on the news during the bubble.

[rodskee]

Suprise have tax holiday to discuss bitcoin regutation how to got tax from the users
Hope officials of ukraine can resolve this issue as soon as possible for the benefits of the ukrainian people
Congrats and good luck

[Leyss]

Ten years without taxes is a good period. If such a law is adopted, it will be very good for Ukrainians who are engaged in cryptocurrency. The main thing that this law was adopted. After Belarus and Uzbekistan, this will be the third country with no tax on profits in cryptocurrency. So far so good.