Bill seeks to tax Ukraine residents 5% on crypto profits

Although the cryptocurrency market is in a disastrous state at the moment with most currencies at historic lows, the Ukranian government still sees it fit to impose a 5% tax on all cryptocurrency profits from mining or sales when these are exchanged to fiat. This is in addition to a mandatory 1.5% tax rate, which Ukranians owe the country since the beginning of a conflict in the East. The tax rate applies to both businesses and individuals who make trades, be it retail or…

Source link

This site uses Akismet to reduce spam. Learn how your comment data is processed.