Crypto Tax in Ukraine 2026: No Law Yet, but You Still Have to Declare

Ukraine still has no dedicated law on cryptocurrency taxation — draft law No. 10225-d is only being prepared for its second reading. But that doesn't mean selling Bitcoin is tax-free: the tax service requires declaring such income under the general rules. Here's what applies now, what will change, and how to prepare.

Bitcoin and other cryptocurrencies have long become a familiar asset for Ukrainian investors. But the tax situation is paradoxical: there is still no dedicated law on taxing virtual assets, yet the obligation to declare the income exists.

In this article we cover how cryptocurrency is taxed in Ukraine as of 2026, what draft law No. 10225-d provides, why acquisition costs are the biggest problem, and which documents you should start collecting now.

Legal status: a law was passed, but it doesn't work

Back in 2022, the Ukrainian parliament passed the law "On Virtual Assets," which was supposed to legalize cryptocurrency in Ukraine. But it never entered into force: that requires amendments to the Tax Code defining the taxation rules.

Those rules are contained in draft law No. 10225-d, registered in April 2025. In September 2025 parliament supported it in the first reading, and as of mid-2026 the document is being prepared for the second reading. In other words, Ukraine still has no final, legislated rules for taxing cryptocurrency.

But taxes exist: general rules already apply

The absence of a dedicated law does not exempt you from taxes. The tax service's position is that income from cryptocurrency transactions is included in an individual's total annual taxable income:

• as foreign income — if the payment source is abroad (for example, selling on Binance or another foreign exchange);
• as other income — if the payer is a Ukrainian resident.

The rates are standard:

• 18% personal income tax (PIT);
• 5% military levy.

Combined — 23%. The declaration is filed by May 1 of the year following the reporting year; the tax is paid by August 1.

The biggest problem: acquisition costs

Here lies the most unpleasant nuance of the current rules. The tax service's fiscal position is that the entire amount received from selling cryptocurrency is taxable — with no right to reduce it by acquisition costs. Under the current Tax Code, cryptocurrency formally is not an "investment asset" within the meaning of Article 170.2, so the "income minus costs" mechanism that works for stocks is not directly prescribed for it.

In practice, approaches differ. Some tax advisors consider it defensible to declare the financial result (profit) — by analogy with investment assets, with cost basis calculation and documented expenses. But be aware: until the law is passed, this approach carries the risk of a dispute with the tax authority, and for significant amounts it's worth obtaining an individual tax ruling.

Either way, purchase documents must be kept: the tax service itself recommends recording the purchase date, price, exchange, commissions and related costs.

When the tax obligation arises

Under the logic of the current rules, income arises when cryptocurrency turns into money or other property:

• selling crypto for fiat (hryvnia, dollars, euros) on an exchange;
• withdrawing sale proceeds to a bank card;
• P2P sales to another person;
• paying for goods or services with cryptocurrency.

Exchanging one cryptocurrency for another (say, BTC for ETH) is a gray area: the current rules don't directly regulate it, while draft law No. 10225-d provides that such exchanges won't be taxed. Simply holding crypto in a wallet or on an exchange, and unrealized appreciation, do not create tax.

What will change with law No. 10225-d

The draft law introduces systematic rules (the final text may still change before the second reading):

• virtual assets are recognized as movable property;
• what's taxed is profit: the difference between sale proceeds and documented acquisition costs;
• tax arises upon cashing out to fiat or exchanging for goods/services, while crypto-to-crypto exchanges are not taxed;
• baseline rates — 18% PIT + 5% military levy;
• a transitional benefit: for assets acquired before the law enters into force, sales in the first year of the law can qualify for a preferential 5% PIT rate.

The preferential rate is the main reason to watch the law's progress: for long-time Bitcoin holders, selling in the "preferential year" could mean 5% instead of 18% PIT.

How to prepare now: documents

Regardless of when the law passes, the tax calculation depends on your transaction history. Keep:

• statements and reports from exchanges (Binance and others) for all years;
• trade history: date, asset, quantity, price, currency, commission;
• proof of cryptocurrency purchases (including bank statements for card purchases);
• history of withdrawals to bank accounts.

If you traded actively, there may be hundreds of transactions — and each must be converted to hryvnia at the NBU rate on the transaction date. It's the same problem as with foreign stocks, only without settled rules.

On Binance, you can get your history in two ways: exporting reports in the account area, or a read-only API key — it gives access to trade history but doesn't allow trading or withdrawals, making it safe to use with tax services.

Coming soon to Investor Tax: cryptocurrency support

Investor Tax already calculates taxes on stocks and dividends from Interactive Brokers and Freedom24 — and is adding cryptocurrency support soon:

• importing trades from Binance via a read-only API key;
• calculating the financial result using FIFO with NBU rates for each transaction date;
• configurable tax rates: since the law hasn't been passed, you choose which PIT and military levy rates to apply — 18%, 5% or others;
• preparing data for the declaration.

Precisely because there's no law, flexibility is essential here: when the rules change, you simply pick the new rates and recalculate — instead of waiting for a service update.

Common mistakes of crypto holders

• "There's no law, so there are no taxes." The general provisions of the Tax Code already apply, and the tax service treats crypto income as taxable.
• "I didn't withdraw to my card — there's no income." Selling crypto for fiat on an exchange can already create income, even if the money stays in the exchange account.
• Not keeping purchase history. Without documents you can't substantiate costs — neither now (under the "income minus costs" approach) nor after the law passes.
• Forgetting the NBU rate. Income in dollars or USDT is converted to hryvnia at the official NBU rate on the transaction date, not at the exchange's rate.
• Ignoring CRS. Ukraine participates in the international automatic exchange of financial information — data on accounts at foreign platforms can become visible to the tax service.

Conclusion

As of 2026, Ukraine is in a transitional period: there is no dedicated cryptocurrency tax law yet, but income from sales is already subject to declaration under the general rules — 18% PIT + 5% military levy. Draft law No. 10225-d promises clear rules (taxing profit upon cashing out to fiat) and a preferential 5% rate for long-held assets.

The smartest strategy right now is to keep complete transaction records and documents. Then, whatever direction the legislation takes, calculating the tax will be a matter of technique, not panic.

This material is for informational purposes only and does not constitute individual tax, legal or investment advice. Virtual asset taxation rules may change once draft law No. 10225-d is adopted — for significant amounts, consult a tax professional.