Ukrainians who conducted cryptocurrency transactions in 2025 were required to report their income by May 1, 2026. Find out exactly which transactions are subject to reporting, what the tax rate is, and why you shouldn’t delay this any longer
Read more interesting and useful information in our Telegram channel
Thousands of Ukrainians hold their savings in cryptocurrency, but not everyone understands exactly when a tax liability arises. The main rule is simple: if you simply hold cryptocurrency in your wallet and do not conduct any transactions, you do not need to report it. The exception is public officials, who are subject to specific financial disclosure requirements.
The situation changes dramatically as soon as the owner begins to take action with their assets. Citizens who conducted any transactions involving crypto assets during 2025 were required to file a declaration of assets and income by May 1, 2026. This is reported by finance.ua.
Read also: Accounting and taxation of cryptocurrencies in Europe — everything you need to know.
Which cryptocurrency transactions are subject to declaration?
The list of transactions that may give rise to a tax liability is broader than it seems at first glance:
● selling cryptocurrency for fiat — withdrawing funds to a card or receiving cash;
● payment in cryptocurrency — the tax authority treats this as income from the disposal of property;
● receiving cryptocurrency as payment for freelance work or consulting — regardless of whether it was sold immediately;
● staking and farming — receiving new tokens as a reward is also considered income.
Important note: exchanging one cryptocurrency for another may also potentially be considered a disposal transaction, although the practice of applying this rule is still evolving.
Don’t want to miss important updates and useful articles? Subscribe to our weekly newsletter!
How much you’ll have to pay: 18% personal income tax plus a 5% military levy
Until the special tax regime for crypto assets comes into effect, the tax authority treats income from the sale of crypto as “other income.” The tax rate consists of two parts:
● 18% personal income tax (PIT);
● 5% military levy.
In total — 23% of the income amount. The tax base is the difference between the sale price and the documented costs of acquiring the asset — if such documents exist. If the acquisition cost cannot be confirmed, the entire amount of proceeds is taxed.
International data exchange: why is it becoming increasingly difficult to hide transactions?
The key change that makes the topic of tax reporting even more relevant is the international exchange of tax data. Starting January 1, 2026, crypto exchanges and wallet providers in 52 countries will be required to collect data on user transactions and submit it to tax authorities. The first mass reporting is expected in 2027.
Ukraine is actively preparing for these changes and implementing the CARF (Crypto-Asset Reporting Framework) standard—an international reporting mechanism for crypto assets that requires crypto services to collect and transmit information about users and their transactions. The CRS (Common Reporting Standard) is in effect in parallel for financial accounts in the traditional banking sector.
The practical conclusion is clear: even if you haven’t reported your transactions today, data on your transactions on foreign exchanges could be available to Ukrainian tax authorities as early as 2027. In other words, ignoring the issue doesn’t eliminate the risk—it merely postpones it.
We remind you! Cryptocurrency is increasingly used for payments in Ukraine, so the question of profitable exchange is becoming relevant for many. Read about which cryptocurrency exchange methods are available to Ukrainians, what the fees are, and what to look out for so you don’t lose money.
Photo: pressfoto / Freepik
Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.
We recommend purchasing it for a safe and comfortable trip to Ukraine:
Visit Ukraine Insurance – insurance covering military risks for entry and travel in Ukraine;
Visit Ukraine Motor TPL Insurance – car insurance with extended coverage in Ukraine;
Visit Ukraine Legal Advice – comprehensive legal support on entry to Ukraine;
Visit Ukraine Tickets – bus and train tickets to/from Ukraine;
Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;
Visit Ukraine Hotels – hotels for a comfortable stay in Ukraine;
Visit Ukraine Merch – patriotic clothing and accessories with worldwide delivery.
© 2018-2026, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.
All rights reserved.
Frequantly
asked questions
What happens if you don’t report income from cryptocurrency?
Failure to file a tax return or underreporting income can result in additional tax assessments, fines, and penalties. Starting in 2027, the risks will increase: with the implementation of the CARF standard, Ukrainian tax authorities will automatically receive data on transactions on foreign exchanges.
How can you verify the purchase price of cryptocurrency for tax calculation purposes?
Evidence may include exchange statements, transaction screenshots showing the date and exchange rate, and bank statements regarding transfers to the exchange. If no documents are available, the entire amount of proceeds will be taxed without deducting acquisition costs.
When will the special tax regime for crypto assets take effect in Ukraine?
The special tax regime for cryptocurrencies in Ukraine has not yet taken effect. Until its introduction, all income from transactions involving crypto assets is taxed as “other income” at a rate of 18% personal income tax plus a 5% military levy—a total of 23%.