Ukraine plans to impose a tax on the operations with cryptocurrency - page 2.

Ranly123

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Quote from: Crypdon on January 16, 2019, 02:43:09 AM

Taxes will legitamise crypto currencies so it's not a bad thing. Also, it is not difficult to circumvent as there are many privacy coins like monero which can be traded in an untracable manner

No, legitimacy of cryptocurrency does not depend on whether they are taxed or not. Taxation on cryptocurrency will only add conflict to the authority and their citizens which could lead to some underground transactions.

wuvdoll

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I thought they were not getting any taxes until 2030, what happened to the law that said all crypto income will be tax free until 2030 in Ukraine ? Did they realized they are missing too much money from the no tax rule and decided that they would rather get taxes instead ?

I have been to Ukraine once and it is an amazing country, leaving the Russia war aside they have been an amazing European country for years now, thankfully I went to more west side (lviv, lbib ? not sure how it is written) and there was barely any effects of war and it was an amazing place and made me instantly feel like I would love to live there. If ukraine keeps the 2030 rule instead of start taxing I am sure many crypto people like me will want to keep going there constantly instead of trying to stay away from there.

qwerty6274

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This is fundamentally wrong. if the state doesn't own a currency, why take something for it. If it continues, there will be nothing free and anonymous in the world. And maybe even now there is no such thing...

Crypdon

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Taxes will legitamise crypto currencies so it's not a bad thing. Also, it is not difficult to circumvent as there are many privacy coins like monero which can be traded in an untracable manner

Tylev

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Quote from: spongegar on November 12, 2018, 11:56:41 PM

Well, i think that it is a good thing that Ukraine actually imposed taxes on crypto currency. For one thing it is not a ban but an acceptance to Crypto currency. This also means that holders are now subject to the government's protection and any fraud would be dealt with the full force of the law. I juat hope it is how i said it is.

Nobody plans anything in Ukraine yet. Several legislative bills regulating cryptocurrency have been submitted to its legislative body, the Verkhovna Rada, and most of them do not provide for the introduction of any tax on cryptocurrency. More precisely, it is expressly stated that any actions with cryptocurrency are not subject to taxation. Of course, in the conditions of conducting a hybrid war with Russia and lack of funds, it is unlikely that the cryptocurrency will not be subject to taxation in Ukraine. So far, none of the proposed bills have been considered even in the first reading.

bittraffic

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Quote from: horrifiedx1 on November 14, 2018, 11:27:58 PM

Quote from: buharikx31 on November 14, 2018, 04:04:06 PM

Quote from: XMLGold.eu on September 28, 2018, 08:02:22 AM

Ukraine plans to impose a tax on the operations with cryptocurrencies
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/

The goverment are really corrupted. They always wanted to tax everything any physical opportunity. I dont get surprised when I firstly saw that in our country some of the news alredy said that, but how they gonna regulate taxing for this type of operations if they dont have enough information and legal explanation what is cryptocurrency people would definetely cointinue trade without pay taxes

I think if tax use is in accordance with its direction, this would be good for the country's economic development. on the other hand we can see the development of cryptocurrency is getting faster

That is true. The adoption of crypto will be faster when government are imposing tax on it, its just one way to tell the world crypto is legal.

Corrupt or not, you as a citizen of the country has the obligation to provide for the country. I live in a country that has one of the most corrupt in the world but that isn't an excuse otherwise me and the government will have no difference.

horrifiedx1

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Quote from: buharikx31 on November 14, 2018, 04:04:06 PM

Quote from: XMLGold.eu on September 28, 2018, 08:02:22 AM

Ukraine plans to impose a tax on the operations with cryptocurrencies
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/

The goverment are really corrupted. They always wanted to tax everything any physical opportunity. I dont get surprised when I firstly saw that in our country some of the news alredy said that, but how they gonna regulate taxing for this type of operations if they dont have enough information and legal explanation what is cryptocurrency people would definetely cointinue trade without pay taxes

I think if tax use is in accordance with its direction, this would be good for the country's economic development. on the other hand we can see the development of cryptocurrency is getting faster

bravehearth0319

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Taxation of cryptocurrency of European countries such as Ukraine, though not yet been passed, is somehow against the core principle of cryptocurrency blockchain which are decentralized and unregulated. Taxing cryptocurrency would need to record the details of the transactions and/or records of the cryptocurrency holders. These is just one point about taxing cryptocurrency. Considering that the government also needs to gain income from cryptocurrency.

M4NDELL

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The issue of taxation of cryptocurrency operations has long been discussed in the Ukrainian parliament. There are several bills, some of which offer to impose taxes on cryptocurrency, while others, on the contrary, exempt not only cryptocurrency operations but also mining for a long time from taxation. But so far everything is under discussion.

buharikx31

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Quote from: XMLGold.eu on September 28, 2018, 08:02:22 AM

Ukraine plans to impose a tax on the operations with cryptocurrencies
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/

The goverment are really corrupted. They always wanted to tax everything any physical opportunity. I dont get surprised when I firstly saw that in our country some of the news alredy said that, but how they gonna regulate taxing for this type of operations if they dont have enough information and legal explanation what is cryptocurrency people would definetely cointinue trade without pay taxes

timotron

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Every country is planning to impose a tax on cryptos in any way. So private coins and coin mixers soon are going to very useful!

I hope people from there don't get totally robbed! In Spain soon we will get decapitated if we say BTC...

reverseflash

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Quote from: spongegar on November 12, 2018, 11:56:41 PM

Well, i think that it is a good thing that Ukraine actually imposed taxes on crypto currency. For one thing it is not a ban but an acceptance to Crypto currency. This also means that holders are now subject to the government's protection and any fraud would be dealt with the full force of the law. I juat hope it is how i said it is.

Unfortunately, in the realities of legal norms in Ukraine, such a law means only additional exactions towards the state. Laws in this country in most cases are written only to improve the conditions for the elite class of the population.

Ozero

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Quote from: spongegar on November 12, 2018, 11:56:41 PM

Well, i think that it is a good thing that Ukraine actually imposed taxes on crypto currency. For one thing it is not a ban but an acceptance to Crypto currency. This also means that holders are now subject to the government's protection and any fraud would be dealt with the full force of the law. I juat hope it is how i said it is.

In Ukraine, there is still no tax on cryptocurrency. So far, none of the proposed and, in principle, good bills has been considered by the legislative body of Ukraine. Until today, cryptocurrency in Ukraine is not regulated. Before the adoption of relevant laws by the Verkhovna Rada of Ukraine, the government, by its decision, wants to impose a rather large 19.5 percent tax on profits from the sale of cryptocurrency. However, in general, there are no obstacles to the legalization of cryptocurrencies by the state in Ukraine.

cetald

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Quote from: XMLGold.eu on September 28, 2018, 08:02:22 AM

Ukraine plans to impose a tax on the operations with cryptocurrencies
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/

Ukrainian politicians are very talkative. ))) They talk a lot, but do little. But if we are talking about filling the treasury, then it is quite possible that a tax on cryptocurrency will be introduced. Especially the election on the nose.

ClockworkTrader

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I wonder how are they going to impose taxation in an anonymous decentralized environment. The only way that seems possible to me is to tax while people exchange Crypto for fiat in different converting websites - but it raises a lot of questions. Say, what if a person refuses to change Crypto for fiat? Will he avoid the tax?
It is either I`m missing something, or Ukraine wants to impose a law without a real way of its implementation.

dmamigo

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Quote from: spongegar on November 12, 2018, 11:56:41 PM

Well, i think that it is a good thing that Ukraine actually imposed taxes on crypto currency. For one thing it is not a ban but an acceptance to Crypto currency. This also means that holders are now subject to the government's protection and any fraud would be dealt with the full force of the law. I juat hope it is how i said it is.

Imposing tax or regulating is much better than restricting and then planning to completely ban crypto trading as well in a country which our country is planning to do as recently being heard. This will increase people to use it if the tax is lower, now if the restriction on tnx and tax is way too higher, then it's similar to banning it.

spongegar

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Well, i think that it is a good thing that Ukraine actually imposed taxes on crypto currency. For one thing it is not a ban but an acceptance to Crypto currency. This also means that holders are now subject to the government's protection and any fraud would be dealt with the full force of the law. I juat hope it is how i said it is.

Irvinn

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Quote from: Osayo on September 28, 2018, 04:59:50 PM

Quote from: XMLGold.eu on September 28, 2018, 08:02:22 AM

Ukraine plans to impose a tax on the operations with cryptocurrencies
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/

I don't think this is totally wrong. It might be a blessing in disguise for cryptocurrencies as the government may legalize cryptocurrency since it now generates revenue for the government.

It should be noted that the introduction of a tax of 19.5 percent from the profits in cryptocurrency, it is just the government's desire to introduce it temporarily by its order, before the adoption of the relevant laws by the Verkhovna Rada of Ukraine as a legislative body. And in the Verkhovna Rada there are several quite good bills on cryptocurrency regulation. One of them provides for the absence of taxation on cryptocurrency, the other provides for a five percent tax and a third provides for the postponement of the introduction of any tax on cryptocurrency until 2029.

bittraffic

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They need to enforce it, if you are a citizen of a country there is no reason for you to pay tax after all its going to be for your country. I have no plans to evade tax if that can result for bitcoin to be used by individuals in the country. Bitcoin and cryptocurrencies are going to be used no matter how the government bann it so instead of trying to stop the evolution, adopting is the way to handle this.

GregH37

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Quote from: ?? on ??

Quote from: Uhde on September 30, 2018, 01:34:09 PM

it is so sad to hear that. but it is not a big deal. blockchain based cryptocurrencies are very good solutions against all centralized financial systems. and no any government or any authority can do a major affect against crypto market.

It's really not that bad, not a bad thing though. You may be surprised that in many countries where Bitcoin are being banned, a lot of investors are willingly to pay tax for the Bitcoin they have so far it is acceptable in their country. I believe this tax being placed on Bitcoin is the only way the Ukraine government can regulate it without banning it. We just hope the tax fee won't be too much for them.

Yeah, it is actually not a bad thing when considering that a lot of country has been trying to ban or attempt that for a long time now and I have always believed that in the long run, their hands will get tired and they will have no other option than to simply find a way to benefit from the space.

Hopefully like you said, they will be lenient with the tax and they won't try to bring up some huge fiat that would end up being an attempt to frustrate the users of bitcoin or cryptocurrency. At the end though, it will still be placed under capital gain tax anyway, so in a way, it is still worth it than seeing a government that is trying to run it down.

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