Details of the Ukrainian encryption taxation draft: The initial tax rate for the sale of encrypted assets within 5 years is 5%

According to CoinDesk, the previous draft, the draft law on the virtual currency transaction taxation scheme has been submitted to the Ukrainian parliament. It is reported that cryptocurrency income will generally be taxed at the standard rate, which is 18% in Ukraine. But for traders, if the bill is passed, the initial tax rate on personal income from the sale of encrypted assets within five years is 5%. In addition, the sale of encrypted assets does not require VAT.