The Ukrainian Stock Market Commission presented the concept of taxation of virtual assets to the Finance Committee of the Verkhovna Rada of Ukraine

The National Securities and Stock Market Commission (NSSMC) presented the concept of taxation of virtual assets to the working group of the Verkhovna Rada Committee on Finance, Tax and Customs Policy. The commission also developed a bill on this issue, said NSSMC Chairman Ruslan Magomedov.

“The commission is working on creating a legislative framework for regulating the virtual asset market. For several years, members of parliament have been discussing this issue, but it was the commission team that took the initiative. Finally, we can note progress. We have already prepared a bill (No. 10225), and work on it is actively continuing,” Magomedov wrote on Telegram on Friday.

He added that significant work had been done on the taxation framework for virtual assets, drawing on international experience. The framework outlines potential taxation models in three key areas: personal income tax, corporate profit tax and value added tax (VAT).

Magomedov expressed hope that this structure will help the working group assess risks and make an informed decision on the national tax model.

“The main goal is to create economically sound and balanced conditions that will be beneficial to all interested parties,” he concluded.