Topic: Ukraine plans to impose a tax on the operations with cryptocurrency - page 4. (Read 543 times)
September 29, 2018, 06:27:36 PM
That’s their purpose of course, because they see more people are earning a lot in this market then its better for them to collect taxes to support for their government projects. The important thing here is that, Ukraine is open for cryprotocurency which is really good for me.
September 29, 2018, 05:47:21 PM
Ukraine plans to impose a tax on bitcoin.
That government should also try to make bitcoin recognized and approved in that country. When you tax people, you should also make the environment for such conducive .
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September 29, 2018, 04:31:22 PM
Ukraine plans to join NATO. The fact that she is going to impose a tax on the crypto currency does not mean that she will succeed.
Hope you're right with what you said since it the government we are talking about here. However, I don't see anything wrong in paying tax concerning cryptocurrency profit since the government didnot ban or disturb crypto currency activities and what I think is that they should fight for the reduction of the tax percent. September 29, 2018, 12:56:37 PM
Ukraine plans to join NATO. The fact that she is going to impose a tax on the crypto currency does not mean that she will succeed.
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September 29, 2018, 12:49:19 PM
I think countries in Europe are more sensitive to bitcoin and crypto. Previously, Belgium had launched 8 Bitcoin ATMs, and currently Ukraine plans to impose a tax on bitcoin.
Yes, the European union countries are sensitive about bitcoin and crypto currency at large. But, the crypto tax issud by the Ukraine government was for the profit make through mining and trading activities. However, the imposed tax news is not something new in the cryptocurrency community
September 29, 2018, 02:37:17 AM
Ukraine, like most countries, "3 worlds" are puppet states and, accordingly, will fulfill the requirements of the countries or organizations that finance these countries.
September 28, 2018, 08:38:48 PM
Quote
The recognition of the cryptocurrency and the adoption of the draft law will allow the citizens to legally use the new financial instruments and invest in digital assets. In addition, large volumes of financial transactions will be withdrawn from the shadow markets. Consequently, Ukraine will be able to replenish the budget through taxation, as well as significantly stimulate the development of the virtual assets market.
Well, it's a good move for them because they recognize cryptocurrency instead of totally banning it. They need the funds anyway to replenish their budget so it's a win-win situation for both the crypto-enthusiasts and the government because they could both benefit from this decision. People can openly use cryptocurrency and I wouldn't mind paying 5% of my profit for tax than being at risk always because I know that what I am doing is illegal.
I do hope that other countries would realize the booming market of cryptocurrency and would reconsider of regulating it instead ot outright ban because they can implement some rules and regulations so that they can prevent the risk that are involved when it comes to cryptocurrencies if they have proper implementing procedures for it.
September 28, 2018, 07:49:11 PM
I don't see any problem in here as long as the Ukrainian government has a solid legal framework concerning cryptocurrencies and other digital money. If there is a large user-base within the country, this will turn out good for the government and community given that their cause are somewhat supported and not a large portion of their profits are taken away. Also, if the taxes are not too aggressive, people would support it all the way, which might be happening in the Ukrain if it pans out.
September 28, 2018, 05:59:50 PM
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. See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/
September 28, 2018, 04:24:22 PM
The bill submitted to the Verkhovna Rada of Ukraine of the crypto-currency is only one of several similar projects. It provides for the collection of 5 percent of the profit tax in the crypto currency, which is quite good for the circulation of crypto currency in this country. However, the draft law on the revival of the crypto-currency, introduced by the Verkhovna Rada's committee, foresees in general the absence of any taxation of the crypto-currency and more favorable conditions for its circulation in Ukraine. These are two of the four bills on the crypto currency and which one will be adopted, while it is difficult to say.
Yes you are right in as much as I in my personal opinion is against the taxation of cryptocurrency since it a digital currency performing the same function as the faint currency which are not liable to be taxed under any circumstances. The bill if properly worked upon by the Ukraine Parliament will help cryptocurrency to acquire more recognition and adoption. September 28, 2018, 04:17:55 PM
I think countries in Europe are more sensitive to bitcoin and crypto. Previously, Belgium had launched 8 Bitcoin ATMs, and currently Ukraine plans to impose a tax on bitcoin.
Taxes in Europe are high if you compare them to the rest of the world. In the EU the tax gets progressively higher the more you earn and can reach almost 50% in some countries like France, which means that you're sharing with the state 50:50. Ukraine is in trouble because people are moving to work in the EU and they had to invest a lot to sustain the army during the latest Crimea conflict. They have to get the money from somewhere.
September 28, 2018, 03:42:59 PM
The bill submitted to the Verkhovna Rada of Ukraine of the crypto-currency is only one of several similar projects. It provides for the collection of 5 percent of the profit tax in the crypto currency, which is quite good for the circulation of crypto currency in this country. However, the draft law on the revival of the crypto-currency, introduced by the Verkhovna Rada's committee, foresees in general the absence of any taxation of the crypto-currency and more favorable conditions for its circulation in Ukraine. These are two of the four bills on the crypto currency and which one will be adopted, while it is difficult to say.
September 28, 2018, 11:19:23 AM
This information about Ukraine is quite accurate, but this is just a project law among other project laws. Unfortunately, some of them were already rejected by the Parliament, so the others appear and try to look at cryptos from a different perspective. I hope this project law will not pass, because I think that cryptos shpuld be treated like money and taxing money is wrong. 5% tax is not to bad, though, but the full 19.5% is unfair, because at first one will have to pay taxes for holding cryptos, and then pay them again when buying goods (since taxes are already a part of the price).
September 28, 2018, 09:19:15 AM
I think countries in Europe are more sensitive to bitcoin and crypto. Previously, Belgium had launched 8 Bitcoin ATMs, and currently Ukraine plans to impose a tax on bitcoin.
What do you mean more sensitive? How does Belgium having bitcoin atm's relate to Ukraine imposing a tax?
September 28, 2018, 09:06:31 AM
I think countries in Europe are more sensitive to bitcoin and crypto. Previously, Belgium had launched 8 Bitcoin ATMs, and currently Ukraine plans to impose a tax on bitcoin.
September 28, 2018, 09:02:22 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/
See more: https://www.xmlgold.eu/en/news/article/747/ukraine-plans-to-impose-tax-on-operations-with-cryptocurrencies/
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