Crypto tax in Ukraine: what draft law No. 10225-d would change
Crypto tax in Ukraine exists only in draft law No. 10225-d so far. Here is what would be taxed, what would not, and which records to keep before the planned 2027 start.
As of 8 November 2026, a crypto tax in Ukraine exists only in draft law No. 10225-d. It is a bill, not a law in force, and its text can still change before the final vote. The crypto tax rules below follow the version a parliamentary committee recommended for adoption on 4 November. This summarises media reports on the bill and is not tax or legal advice.
What is bill No. 10225-d and where does it stand?
Bill No. 10225-d covers virtual assets: it would introduce a crypto tax for individuals and regulate the crypto market. It has passed the first reading; the second reading in the plenary had not yet taken place.
The bill has moved through these stages:
- 2023 — the original bill No. 10225 was registered;
- 24 April 2025 — the reworked No. 10225-d was registered;
- 3 September 2025 — parliament approved it in the first reading as a basis;
- 4 November 2026 — the Verkhovna Rada Committee on Finance, Tax and Customs Policy recommended it for the second reading and as a whole; MP Yaroslav Zhelezniak says 20 committee members backed it.
Zhelezniak says the second reading is planned for November. The law then needs the President's signature and publication, so until then the crypto tax remains a proposal. The bill card on the Verkhovna Rada website shows its current status.
The text is long (264 pages, plus a comparison table of about 1,300 pages), and crypto tax provisions can still change before the final vote.
When would the crypto tax start?
The planned start date is 1 July 2027, according to Zhelezniak; Forbes Ukraine, Minfin and DTKT report the same date. Even if parliament passes the law in November, the new crypto tax would not apply before then; only the published law will fix the date.
How much crypto tax would individuals pay, and on what?
Crypto tax would be charged on profit, not on the full sale amount. Profit means the sale price minus the purchase cost, much like the rules for securities (Forbes Ukraine, Minfin, DTKT).
Slovo i Dilo puts the general rate at 18% personal income tax plus a 5% military levy, or 23% of the profit. Other 4 November reports give no general rate, so treat it as one outlet's reading, subject to the final text.
Sell USDT for hryvnia above your purchase price, and crypto tax would apply only to the difference, not to the full amount reaching your card.
Forbes Ukraine and Minfin report that profit within one minimum wage would not be taxed; Slovo i Dilo words it as income up to one minimum wage as of 1 January of the reporting year.
What would be exempt from crypto tax?
Swapping one virtual asset for another, such as BTC for USDT, would not be taxed. Operations with virtual assets would also be exempt from VAT.
The table shows which operations would trigger crypto tax under the bill.
| Operation | Taxed? | Rate as reported |
|---|---|---|
| Selling crypto for money at a profit | Yes, on sale price minus purchase cost | 18% income tax + 5% military levy = 23% (Slovo i Dilo) |
| Swapping one virtual asset for another | No | — |
| Profit within one minimum wage | No | — |
| VAT on virtual asset operations | No | — |
| Assets acquired before the law | Special regime | 5% (mechanism depends on the final text) |
The rule of thumb: crypto tax arises when you sell for money above what you paid.
How would crypto tax apply to coins bought before the law?
A 5% rule is reported for assets acquired before the law, but sources describe it differently, and only the final text will settle the mechanism.
Forbes Ukraine, Minfin and DTKT describe a reduced 5% income tax rate during a transitional period until the end of 2028. Slovo i Dilo describes a one-time option to legalise existing assets without proving where they came from, by paying 5% of their value; otherwise ordinary income tax applies.
A reduced transitional rate and a one-off payment on asset value are different mechanisms. Which one survives will decide how crypto tax is calculated on coins you already hold.
Until this is settled, keep proof of when and at what price you bought the coins you hold.
What changes for crypto exchanges, exchangers and the regulator?
Alongside the crypto tax, the bill makes the National Securities and Stock Market Commission (NSSMC) the main regulator, with the National Bank supervising within its own areas, such as e-money and currency supervision. Crypto exchanges, custodians and other virtual asset service providers would need the regulator's authorisation.
Forbes Ukraine, Minfin and DTKT report these requirements for providers:
- client assets kept separate;
- complaint handling and user rights;
- financial monitoring, including checks on the source of funds.
Slovo i Dilo reports that the split of powers between the NSSMC and the National Bank is still being debated.
Minfin, citing earlier NSSMC plans, says the regulator expects to issue about 18 bylaws within roughly six months of adoption.
What should you do now if you cash out crypto to a card?
The new rules are not in force yet, so the useful step today is record-keeping: crypto tax would be worked out as sale price minus purchase cost.
For every operation, note what you would need to calculate crypto tax later:
- purchase and sale dates;
- amount and rate;
- the exchanger or exchange used;
- the order number.
Keep exchange statements, exchanger order history and transaction history too: they show the purchase price. Slovo i Dilo reports that individuals and companies would keep their own records of crypto operations.
Since coin-to-coin swaps would be exempt, crypto tax would come into play when you sell for money at a profit, say USDT for hryvnia to your card. Before selling, check the USDT to hryvnia rate and save the deal price; the full process is in our guide on how to withdraw crypto to a Ukrainian bank card.
Exchangers already run their own AML/KYC checks and may ask about the source of funds; the bill adds a regulator and provider authorisation. The monitor's own rules are in the OnExchanger AML policy. OnExchanger.com compares offers from the online exchangers it monitors and sends you to the one you choose; it holds no funds, does not exchange and gives no crypto tax advice.
What is still unclear about the crypto tax?
Published reports leave several practical crypto tax questions open, and these details are not public yet:
- whether exchangers or exchanges would withhold the tax as tax agents;
- how losses of individuals would be treated;
- whether banks would get separate reporting rules.
Until the final law and the regulator's bylaws are out, any firm claim on these points is a guess.
Crypto tax in Ukraine: frequently asked questions
Is there a crypto tax in Ukraine already?
Not the one in the bill. As of 8 November 2026, bill No. 10225-d has not passed the second reading, been signed or been published; the planned start is 1 July 2027.
What is the crypto tax rate for individuals?
Slovo i Dilo reports 23% of the profit (18% income tax plus a 5% military levy); other sources give no general rate, so the adopted text will decide.
What is the 5% crypto tax?
It is the reported rule for assets acquired before the law. Forbes Ukraine, Minfin and DTKT describe a reduced 5% rate until the end of 2028; Slovo i Dilo, a one-off 5% payment on the assets' value.
Does the exchanger withhold crypto tax when I cash out to a card?
That is not known yet. Reports on the bill do not say whether exchangers or exchanges would act as tax agents, so your own records will matter for any crypto tax calculation.