Do you have to pay tax on cryptocurrency profits in Ukraine, and under what rules? In short, as of 19 October 2026: there are as yet no separate rules, adopted by law, on taxing virtual assets. The Law on Virtual Assets has not entered into force, and the bill on their taxation is still being prepared for the second reading. Below: what applies, what is only proposed, and what you should check for yourself.
Important. This material is for information only and is not tax advice. We do not quote the State Tax Service’s position on taxing cryptocurrency: the tax.gov.ua site did not open for automated checking, and we chose not to retell it from secondary sources. For your own case, contact the State Tax Service or a tax adviser.
What Applies Now: In Brief
| Document | Status as of 19 October 2026 | What it means |
|---|---|---|
| Law of Ukraine No. 2074-IX on Virtual Assets | “Not yet in force” | Its provisions do not apply. It will take effect together with the law amending the Tax Code on the taxation of virtual assets |
| Bill No. 10225-d amending the Tax Code | “Being prepared for second reading”; adopted as a basis on 3 September 2025 | This is a draft, not a law. Its provisions may change |
| Tax Code (version of 17 September 2026) | In force | We found no separate provisions on virtual assets or cryptocurrency in the text of the Code |
The Law on Virtual Assets and Why It Does Not Work Yet
Law No. 2074-IX was adopted on 17 February 2022, but in the Verkhovna Rada’s card its status is “Not yet in force.” The law takes effect “in a special manner”: from the day the law amending the Tax Code on the specifics of taxing virtual asset transactions enters into force. In other words, a tax law has to appear first. As of 19 October 2026, there is no such law.
What Bill No. 10225-d Proposes
According to the bill’s card, it was registered on 24 April 2025, and on 3 September 2025 the Rada adopted it as a basis, subject to further revision. The current status is “Being prepared for second reading.” The card also notes that the bill was added to the agenda by Act No. 4958-IX of 1 September 2026, but this does not mean adoption. Below is what the registered text of the bill and its explanatory note contain. The bill provided for taking effect from 1 January 2026, but it has not been adopted, so these rules do not apply.
| Question | What the bill proposes |
|---|---|
| What is taxed | The positive financial result for the calendar year: income from sales minus documented allowable acquisition costs. The result is accounted for separately from other income |
| Rate | The profit is included in total annual taxable income and taxed at the rate in clause 167.1 of the Tax Code, currently 18% |
| What counts as a sale | A sale for money or another operation transferring ownership in exchange for foreign currency assets, goods or services. An exchange of virtual assets with an additional payment is treated as a sale |
| What is not taxed | An exchange of virtual assets for other virtual assets; income from sales within one minimum wage as of 1 January of the year (in 2026, UAH 8,647); assets received free of charge from an issuer or in exchange for personal data |
| Which costs are counted | Only allowable ones: purchase of certain tokens from authorized issuers or trading platform operators, other assets on the Ministry of Finance’s list, and fees to service providers. Losses are carried forward to the following years |
| Who pays and files | There is no tax agent: the taxpayer reports the result in the declaration of property status and income and pays the tax. Amounts in foreign currency are converted at the official NBU rate on the date of the income or expense |
| Transition period | For assets acquired before the law takes effect, a sale in 2026 could have been taxed separately at the rate in clause 167.2 of the Code, that is 5% |
| Single tax | It is proposed to add to the list of persons who cannot be single tax payers (clause 291.5 of the Code) business entities, including sole proprietors (FOP), that carry out virtual asset operations |
Do not apply the bill to your income. The rates, benefits and list of costs may change at the second reading, and the bill itself may not become law. The example below only illustrates the logic of the bill’s text.
Illustrative example (own calculation based on the bill’s text, as if it had been adopted without changes): in a year, tokens were sold for UAH 100,000, and the documented allowable costs of acquiring them were UAH 80,000. The financial result is UAH 20,000, and personal income tax (PIT) at 18% is UAH 3,600. The bill does not separately address a military levy on this income, so whether it would apply would depend on the final text.
What the Current Provisions of the Tax Code Say
The Tax Code in the version of 17 September 2026 contains no separate rules on taxing virtual assets: the word “cryptocurrency” does not appear there, and “virtual” occurs only in other contexts. This means neither that tax is not due nor that it is: the Code simply does not name such income directly. How the State Tax Service applies the general provisions to cryptocurrency income is explained in its clarifications, and we could not verify them.
General parameters of the Code worth knowing if the State Tax Service treats the income as taxable:
- the PIT rate is 18% (clause 167.1);
- the military levy for income accrued from 1 January 2025 that is included in the annual declaration is 5% (subclause 1.16 of clause 16-1, subsection 10, Section XX);
- the declaration for a calendar year is filed by 1 May of the following year (clause 49.18.4), and the tax under it is paid by 1 August (clause 179.7).
Sole proprietors on the single tax have their own rules: for contributions, read the material ESV for FOP in 2026; for the account, How to Open a FOP Account Online; and you can calculate the single tax in the Data and Tools section.
What to Do Now
- Keep your transaction history. Exchange statements, order history, purchase and withdrawal confirmations, the NBU rate on the date. The bill provides for documentary confirmation of costs, and a bank may ask for the source of funds (How to Withdraw Crypto to a Ukrainian Bank Card).
- Ask the State Tax Service. The Code (Article 52) gives the right to a free individual tax consultation within 25 calendar days, which may be extended by up to another 15 days. In your request, describe the actual circumstances, and it must be signed by hand or with a qualified electronic signature.
- Follow the status of the bill. Watch the card on the Rada website: when the bill is adopted as a whole, the taxation procedure will change too.
- Keep personal, business and “crypto” money separate. If the bank or the tax authority asks about the origin of funds, you need documents, not verbal explanations. For buying, see the material How to Buy Bitcoin with Hryvnia.
Frequently Asked Questions
Do I have to pay tax on selling cryptocurrency now?
There are no separate provisions on virtual assets in the Tax Code. Whether a specific income is taxed under the general rules is determined by the State Tax Service in its clarifications, which we could not verify. The most reliable step is to submit a request for an individual tax consultation.
Does the 5% rate apply to “old” cryptocurrency?
No. This is a proposal of Bill No. 10225-d, not a law. The bill has still not been adopted as a whole.
Is exchanging one cryptocurrency for another taxed?
Under the bill, an exchange for other virtual assets is not taxed, but with an additional payment it is treated as a sale. However, the bill is not in force, and the current Code does not address this separately.
What about the single tax for sole proprietors?
The bill proposes to exclude from the single tax sole proprietors who carry out virtual asset operations: they would be added to the list in clause 291.5 of the Code. There is no such provision now.
When can we expect the law?
It is unknown. The bill’s status is “Being prepared for second reading,” and the card gives no timeline for consideration. The information is worth checking against the card on the Verkhovna Rada website.
