Ukraine Drafts Laws Exempting Bitcoin Income From Taxation

0
204

Nina Yuzhania, head of the Committee on Tax and Customs Policy of the parliament of Ukraine, has submitted a bill to amend the country’s tax code to pardon cryptocurrency income and profits from taxation, including from buying, selling, transacting, and mining.

MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY

“In order to create an effective mechanism for stimulating the market of cryptocurrency in Ukraine, the logical step is the exemption from taxation of profits of enterprises…Income from cryptocurrency operations should not be included in the calculation of the total monthly (annually) taxable income, and transactions with cryptocurrency and mining crypto goods are classified as transactions that are not subject to taxation,” a note said complementing the bill submitted.

This bill is referred to as Bill No. 7246 and was submitted on October 30.

CLICK HERE FOR MORE BLOCKCHAIN NEWS

Donate BTC: 13xyfdE1ERCu6ZaZ6Ejj7x6B7au8GJXont
Donate LTC: LeVDY175o9B5PZJzPihAAFqCVcFHRaiVsB
Donate ETH: 0x3930890DC36E40e17c280aF5A80cEAC30732cFB9

Leave a Reply