What tax rate applies to cryptocurrency gains in Ukraine under current law?

Under current enacted Ukrainian law, income from selling or converting cryptocurrency to fiat is subject to 18% personal income tax plus a 5% military levy, producing a combined effective rate of 23%. The 5% military levy rate has applied since 1 December 2024 under Law No. 4015-IX. There is no statutory cost-deduction mechanism under current law -- the tax base is gross proceeds, not net gain.

Is Draft Law No. 10225-d enacted? When does the 5% transitional rate take effect?

Draft Law No. 10225-d is NOT enacted as of June 2026. It passed the Verkhovna Rada in a first reading on 3 September 2025 with 246 votes, but approximately 2,500 amendments have been submitted and the second reading has not been scheduled. The transitional 5% PIT rate (plus 5% military levy) for pre-law acquisitions sold in the first year after enactment will apply only once the bill clears a second reading and receives presidential signature.

Are crypto-to-crypto swaps taxable in Ukraine?

Under current enacted law, there is no statutory exemption for crypto-to-crypto exchanges -- the general 18% PIT plus 5% military levy framework technically applies to any gain event, though DPS guidance specifically targeting crypto-to-crypto transactions is limited. Draft Law No. 10225-d proposes an explicit exemption for exchanges of one virtual asset for another, but that proposal is not yet enacted.

How is cryptocurrency mining taxed in Ukraine?

Under the current general framework, mining income may be treated as other income subject to 18% PIT plus 5% military levy without a specific statutory framework. Under proposed Draft Law No. 10225-d (not yet enacted), tokens received through mining would not be treated as taxable income at the point of creation -- taxation would arise only upon subsequent sale or conversion to fiat. No specific mining guidance has been issued by DPS under current statute.

What filing obligation applies to individual crypto investors in Ukraine?

Individuals who realise income from selling or converting virtual assets under current Ukrainian law must self-report in their annual personal income tax declaration, filed with the State Tax Service by 30 April of the following year, with payment due by 31 July. Ordinary holders who do not sell have no annual disclosure obligation under current rules. Draft Law No. 10225-d would formalise these obligations and add VASP reporting requirements, but the bill is not yet enacted.

Crypto Taxation in Ukraine — Rates, Rules & Filing

What is the current enacted framework for crypto taxation in Ukraine?

As of mid-2026, Ukraine has no dedicated virtual-asset tax statute in force. Gains that individuals realise by converting cryptocurrency to fiat (hryvnia or foreign currency) fall under the general personal income tax (PIT) provisions of the Tax Code of Ukraine as "other income." The State Tax Service of Ukraine (Derzhavna Podatkova Sluzhba, DPS) and the Ministry of Finance have confirmed through public guidance campaigns ("Taxes Protect") that the current combined rate is 18% PIT plus the 5% military levy -- a total effective rate of 23% on gross proceeds. [1] [2] Critically, under the current Tax Code there is no statutory mechanism allowing individuals to deduct acquisition costs against crypto proceeds: tax applies to the full sale amount, not to net profit. [3]

The 5% military levy rate has been in effect since 1 December 2024 under Law No. 4015-IX (signed by President Zelenskyy on 28 November 2024), having been raised from the previous 1.5% rate to fund defence expenditure during martial law. The elevated rate remains in force until the first day of the calendar year following the abolition or cancellation of martial law. [4]

How is crypto income reported under current rules?

Individuals who realise income from selling or converting virtual assets are required to self-report in their annual personal income tax declaration, filed with the DPS by 30 April of the year following the reporting period, with final payment due by 31 July. [1] There is currently no annual disclosure obligation for ordinary individuals who merely hold crypto without selling -- although public officials and members of parliament are subject to separate asset-declaration rules covering all property. [5] No specific cost-basis or acquisition-cost deduction exists under current statute; the taxable amount is the gross proceeds received.

What does Draft Law No. 10225-d propose, and what is its status?

Draft Law No. 10225-d, introduced on 24 April 2025 and adopted by the Verkhovna Rada in a first reading on 3 September 2025 (246 votes in favour), would substantially reform this framework if enacted. [6] [7] As of June 2026, the bill has NOT passed its second reading and is NOT in force. The Finance Committee has indicated the second reading will require extended preparation due to approximately 2,500 submitted amendments and unresolved questions about which regulatory body will supervise the virtual-asset market. [8]

Key provisions proposed under the bill include:

Net-gain calculation: taxable income would equal sales proceeds minus documented acquisition costs, replacing the current gross-proceeds basis.
Standard rate on enactment: 18% PIT plus 5% military levy (23% combined) on net gains from virtual-asset disposals.
Transitional preferential rate: for virtual assets acquired before the law's effective date and sold during the first calendar year after enactment, a reduced 5% PIT rate (plus 5% military levy, totalling 10%) would apply. This is the provision sometimes described informally as a "first-year 5% rate."
Crypto-to-crypto exemption: exchanges of one virtual asset for another would not constitute a taxable event.
De minimis threshold: annual sales up to the statutory minimum monthly wage would be tax-free.
Mining and airdrop treatment: tokens received through mining, airdrops, or initial issuance would not be treated as taxable income at the point of receipt; taxation would arise only upon subsequent sale or conversion.
Loss carryforward: net losses could offset future crypto profits.
VAT: most virtual-asset transactions would be VAT-exempt; exchanging virtual assets for goods or services and VASP consulting services would attract the standard 20% VAT rate.

What are the VASP registration obligations under the proposed framework?

Draft Law No. 10225-d would require virtual asset service providers (VASPs) serving Ukrainian residents to register with the DPS within 60 days of commencing services. Providers that rendered services to Ukrainian residents prior to 31 December 2025 would face a registration deadline of 1 July 2026. Registered VASPs would be required to submit annual transaction reports on Ukrainian-resident clients to the DPS. [9] These obligations are proposed, not yet enacted.

Enacted vs. proposed: rate comparison

Scenario	PIT rate	Military levy	Total	Basis	Status
Current law -- all crypto-to-fiat income	18%	5%	23%	Gross proceeds	Enacted (in force)
Proposed standard rate (post-enactment)	18%	5%	23%	Net gain after costs	Proposed -- not enacted
Proposed transitional rate (year 1 after enactment, pre-law acquisitions)	5%	5%	10%	Net gain after costs	Proposed -- not enacted
Proposed crypto-to-crypto swap	Exempt	Exempt	0%	N/A	Proposed -- not enacted
Proposed mining/airdrop receipt	Not taxable at receipt	Not taxable at receipt	0% at receipt	N/A	Proposed -- not enacted

For context on Ukraine's broader tax environment, see the Ukraine country overview. The Law on Virtual Assets (Law No. 2074-IX, adopted 17 February 2022) established definitions of virtual assets under Ukrainian law but itself remains not in force pending the tax-code amendments that Draft Law No. 10225-d would supply. [5]

The regulatory and tax landscape for virtual assets in Ukraine remains subject to material legislative change. Individuals and entities with virtual-asset positions should consult a qualified Ukrainian tax professional before drawing compliance conclusions from the proposed provisions of Draft Law No. 10225-d, which may be amended significantly before final enactment.

Crypto Taxation in Ukraine

Key points