April 24 The Committee of the Verkhovna Rada of Ukraine on Finance, Tax and Customs Policy has supported a new bill regulating the circulation of virtual assets.
This document differs from previous initiatives in that it includes, for the first time, provisions not only on the legal status of such assets, but also on their taxation. The draft law is recommended for consideration by Parliament in the near future, which provides for the following:
·Definition of virtual assets as intangible goods that can be the subject of civil rights.
·Establishing rules for the circulation of virtual assets, including their issuance, exchange and storage.
·Regulation of the activities of service providers related to virtual assets and requirements for their registration.
·Introduction of tax regulations that determine the procedure for taxation of transactions with virtual assets for individuals and legal entities.
In particular, it is assumed that income received from transactions with virtual assets will be subject to taxation at the rate determined by the Tax Code of Ukraine.
The text of the draft law concerns comprehensive regulation of the sphere of virtual assets, which defines concepts, mechanisms of circulation, requirements for providers of relevant services, and also establishes tax rules for individuals and legal entities conducting transactions with virtual assets. In particular, it is stipulated that such assets are recognized as intangible benefits, and income from their circulation will be subject to taxation in accordance with the norms of the Tax Code of Ukraine.
The document proposes to introduce reporting on income from the circulation of virtual assets, as well as establish rules for determining the tax base. This should ensure transparency of financial transactions, reduce abuse in the field of digital assets, and bring Ukraine closer to the practices of EU countries. Previous versions of the legislative initiatives did not contain clearly defined tax mechanisms, which distinguishes the new project from previously submitted ones.
For the first time in Ukrainian legislation, it is proposed to clearly define the tax status of transactions with virtual assets, which will include:
·Taxation of income from the sale or exchange of virtual assets.
·Determination of the tax base and the procedure for its calculation.
·Obligations regarding reporting and declaring transactions with virtual assets.
Such provisions are aimed at ensuring transparency of financial transactions and preventing tax evasion.
The draft law provides that income of individuals from the sale or exchange of virtual assets will be taxed at a rate of 18% personal income tax (PIT) and 1.5% military levy. However, for transactions carried out during 2026, a preferential PIT rate of 5% is provided without the need to confirm the costs of acquiring assets.
For legal entities, income from transactions with virtual assets will be taxed on a general basis - at the 18% corporate income tax rate. At the same time, new differences are introduced to adjust the financial result, similar to the taxation of transactions with securities.
The bill also specifies that transactions for the issuance, placement, sale, exchange and redemption of virtual assets are not subject to VAT, with the exception of transactions with NFTs and tokens that certify the right to demand the transfer of property or the provision of a service.
In addition, providers of services related to the circulation of virtual assets that provide services to residents of Ukraine are required to register with regulatory authorities and submit an annual report on transactions with virtual assets in respect of individuals and legal entities that are residents of Ukraine. Failure to comply with these obligations is subject to fines, which will be applied in reduced amounts during the transitional period.
The bill pays special attention to the licensing of service providers related to virtual assets. The license will be issued by the National Securities and Stock Market Commission (NSSMC). Providers will be required to undergo financial monitoring and ensure an appropriate level of cybersecurity that meets international standards.
The Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Getmantsev, noted that the adoption of this bill is an important step towards Ukraine's integration into the global financial space and the creation of favorable conditions for the development of the digital economy. The document itself was created on the basis of European regulatory legal acts: the MiCA (Markets in Crypto Assets) regulation and the AML, DAC and other directives.
If approved, the document will become the basis for launching an official virtual asset market in Ukraine. It is expected that this will give impetus to the development of financial technologies, blockchain solutions, and the digital economy as a whole.
Currently, from the latest news from April 29, it is known that this draft law, previously approved by the Committee, is being requested by the NSSMC (Securities Commission) to be postponed for further revision due to its non-compliance with all the requirements of the MiCA regulations. The Commission emphasizes that by the second reading, the draft law will be fully prepared and brought into line with international norms and standards, and controversial issues will be resolved. (There is currently no possibility to review the text of the draft law in public mode, so we can only rely on information received from primary sources, such as the Chairman of the Committee Danylo Hetmantsev and officially published articles on the NSSMC website)
On April 29, the Government of Ukraine approved two new bills aimed at creating registers of bank accounts and individual safe deposit boxes of individuals, as well as beneficial owners of trusts.
Along with these draft laws, the Ministry of Finance also prepared a presentation with an overview of the benefits of their adoption.
The main goal of the draft laws approved by the Government is to bring Ukrainian legislation into line with the regulatory legal acts of the European Union in the field of preventing and combating money laundering and terrorist financing, which is a necessary step for the country to join the Single Euro Payments Area (SEPA).
Among the main objectives of the approved draft laws, the following can be identified:
3. Improving the procedure for verifying information about the ultimate beneficial owners of legal entities and the mechanism for applying measures of influence for failure to submit, untimely submission, or submission of knowingly inaccurate data about the ultimate beneficial owner to the Unified State Register.
4. Introduction of effective, dissuasive and proportionate sanctions for violations of the requirements of the legislation in the field of financial monitoring by primary financial monitoring entities, which will comply with EU standards on the prevention of money laundering and terrorist financing.
Also, in addition to the main goals defined by the draft laws, the following is provided for:
·Expanding the list of specially designated entities of primary financial monitoring - in order to improve control over money laundering and other illegal financial transactions. (Inclusion in this list of trustees of trusts and traders of cultural values who carry out transactions through "free ports" if the amount exceeds UAH 400 thousand).
·Prohibition of persons who have a criminal record or are accomplices in crimes from managing and/or controlling specially designated entities of primary financial monitoring.
It is worth noting that the previously approved draft law of April 18 on integration with the EU for the purpose of joining SEPA was withdrawn due to a number of remarks from the Government due to non-compliance with the established requirements. In this regard, the Government decided to divide the initiative into two separate draft laws, which were re-approved on April 29 and then submitted for consideration to the Verkhovna Rada Committees.
April 16 The Verkhovna Rada of Ukraine adopted two laws No. 13172 and No. 13173 , which extended martial law and general mobilization for 90 days - from May 9 to August 6, 2025.
This is the fifteenth extension of the respective regimes since the start of the full-scale invasion in 2022.
President Volodymyr Zelenskyy signed these laws on April 18, 2025, and the official publication took place on April 19 in the newspaper "Voice of Ukraine", which means entry into force from the date of official publication until May 9, 2025 at 05:30. The decision to extend martial law and mobilization was supported by the overwhelming majority of deputies.
The continuation of martial law and mobilization are part of measures aimed at ensuring the country's defense capability in the face of ongoing aggression. These legal regimes allow authorities to effectively coordinate actions to protect the sovereignty and territorial integrity of Ukraine.
Recall that martial law in Ukraine was first introduced on February 24, 2022 in response to russia's full-scale invasion.
On April 8, the Cabinet of Ministers of Ukraine adopted Resolution No. 394, which is aimed at strengthening the protection of the rights of land owners and introducing an administrative procedure in the field of land relations.
This regulatory legal act entered into force on April 11, 2025, and is aimed at resolving current issues in the field of land legislation, in particular in terms of resolving conflicts regarding land boundaries, ensuring legal certainty and transparency in the use of land resources.
According to the information provided by the Ministry of Agrarian Policy of Ukraine, this Resolution is part of a comprehensive reform of land legislation aimed at reducing the number of disputes related to land rights, increasing the efficiency of land management, as well as ensuring the stability of land relations under martial law. In addition, the Resolution implements the principles of the Law of Ukraine "On Administrative Procedure" in the part related to land legal relations and provides for the following:
The resolution allows the use of data from technical documentation on the normative monetary valuation of lands and other land management documentation developed before 2013 to determine the location of land plot boundaries within massifs. This is important in cases where the boundaries of the plots are not included in the State Land Cadastre.
The document provides for the possibility of using land management data in administrative procedures without unnecessary bureaucratic procedures. This is especially relevant in the current conditions, when some of the data may have been lost or unavailable due to the war.
It is established that the materials that were the basis for the formation of collective land plots must be submitted to the State Fund of Land Management Documentation. This will allow updating and generalizing the information used in decision-making on the ground.
The resolution obliges authorities to publish relevant documentation, which contributes to transparency in the field of land relations and a reduction in the number of conflicts.
April 29, the President of Ukraine signed Law No. 4353-IX, which provides for the creation of a Unified Register of Qualifications (Classifier of Professions).
This step is aimed at modernizing the national qualifications system in accordance with the current needs of the labor market.
In accordance with the adopted law, an explanation of the term Unified Register of Qualifications is provided - this is an automated system for classifying, collecting, verifying, processing, storing and protecting information about qualifications, professions (types of occupations), which combines:
·National Classification of Occupations;
·Directory of qualification characteristics of employee professions;
·Register of qualifications.
The purpose of this law is to digitize and synchronize data from the entire database to ensure quick and transparent access to information on professional qualifications.
According to the document, the authority to create and maintain the Unified Register of Qualifications has been transferred to the National Qualifications Agency. A transitional period is also provided for during which the agency will maintain the Handbooks of Qualification Characteristics of Employees' Professions.
The creation of the Unified Register of Qualifications must be completed within a transitional period of one year from the date of entry into force of this Law.
The creation of the Unified Register of Qualifications is an important step towards modernizing the labor resources management system in Ukraine. This will contribute to increasing the efficiency of the labor market, ensuring transparency, and compliance of professional qualifications with modern requirements.
On April 1, the amendments adopted by Resolution No. 39 of March 29, 2025 by the National Bank of Ukraine (NBU) came into force, amending the Rules for the Storage, Protection, Use and Disclosure of Bank Secrecy.
Among the innovations defined by this resolution, the following are defined:
· Expansion of the list of entities that have the right to receive information containing banking secrecy.
· Clarification of information disclosure procedures in cases provided for by law.
These changes are aimed at ensuring a balance between the protection of personal data of bank customers and the need for government agencies to access financial information to perform their functions.
These changes are related to the approval of draft laws that provide for the creation of a register of bank accounts and individual safe deposit boxes for citizens.
This document differs from previous initiatives in that it includes, for the first time, provisions not only on the legal status of such assets, but also on their taxation. The draft law is recommended for consideration by Parliament in the near future, which provides for the following:
·Definition of virtual assets as intangible goods that can be the subject of civil rights.
·Establishing rules for the circulation of virtual assets, including their issuance, exchange and storage.
·Regulation of the activities of service providers related to virtual assets and requirements for their registration.
·Introduction of tax regulations that determine the procedure for taxation of transactions with virtual assets for individuals and legal entities.
In particular, it is assumed that income received from transactions with virtual assets will be subject to taxation at the rate determined by the Tax Code of Ukraine.
The text of the draft law concerns comprehensive regulation of the sphere of virtual assets, which defines concepts, mechanisms of circulation, requirements for providers of relevant services, and also establishes tax rules for individuals and legal entities conducting transactions with virtual assets. In particular, it is stipulated that such assets are recognized as intangible benefits, and income from their circulation will be subject to taxation in accordance with the norms of the Tax Code of Ukraine.
The document proposes to introduce reporting on income from the circulation of virtual assets, as well as establish rules for determining the tax base. This should ensure transparency of financial transactions, reduce abuse in the field of digital assets, and bring Ukraine closer to the practices of EU countries. Previous versions of the legislative initiatives did not contain clearly defined tax mechanisms, which distinguishes the new project from previously submitted ones.
For the first time in Ukrainian legislation, it is proposed to clearly define the tax status of transactions with virtual assets, which will include:
·Taxation of income from the sale or exchange of virtual assets.
·Determination of the tax base and the procedure for its calculation.
·Obligations regarding reporting and declaring transactions with virtual assets.
Such provisions are aimed at ensuring transparency of financial transactions and preventing tax evasion.
The draft law provides that income of individuals from the sale or exchange of virtual assets will be taxed at a rate of 18% personal income tax (PIT) and 1.5% military levy. However, for transactions carried out during 2026, a preferential PIT rate of 5% is provided without the need to confirm the costs of acquiring assets.
For legal entities, income from transactions with virtual assets will be taxed on a general basis - at the 18% corporate income tax rate. At the same time, new differences are introduced to adjust the financial result, similar to the taxation of transactions with securities.
The bill also specifies that transactions for the issuance, placement, sale, exchange and redemption of virtual assets are not subject to VAT, with the exception of transactions with NFTs and tokens that certify the right to demand the transfer of property or the provision of a service.
In addition, providers of services related to the circulation of virtual assets that provide services to residents of Ukraine are required to register with regulatory authorities and submit an annual report on transactions with virtual assets in respect of individuals and legal entities that are residents of Ukraine. Failure to comply with these obligations is subject to fines, which will be applied in reduced amounts during the transitional period.
The bill pays special attention to the licensing of service providers related to virtual assets. The license will be issued by the National Securities and Stock Market Commission (NSSMC). Providers will be required to undergo financial monitoring and ensure an appropriate level of cybersecurity that meets international standards.
The Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Getmantsev, noted that the adoption of this bill is an important step towards Ukraine's integration into the global financial space and the creation of favorable conditions for the development of the digital economy. The document itself was created on the basis of European regulatory legal acts: the MiCA (Markets in Crypto Assets) regulation and the AML, DAC and other directives.
If approved, the document will become the basis for launching an official virtual asset market in Ukraine. It is expected that this will give impetus to the development of financial technologies, blockchain solutions, and the digital economy as a whole.
Currently, from the latest news from April 29, it is known that this draft law, previously approved by the Committee, is being requested by the NSSMC (Securities Commission) to be postponed for further revision due to its non-compliance with all the requirements of the MiCA regulations. The Commission emphasizes that by the second reading, the draft law will be fully prepared and brought into line with international norms and standards, and controversial issues will be resolved. (There is currently no possibility to review the text of the draft law in public mode, so we can only rely on information received from primary sources, such as the Chairman of the Committee Danylo Hetmantsev and officially published articles on the NSSMC website)
On April 29, the Government of Ukraine approved two new bills aimed at creating registers of bank accounts and individual safe deposit boxes of individuals, as well as beneficial owners of trusts.
Along with these draft laws, the Ministry of Finance also prepared a presentation with an overview of the benefits of their adoption.
The main goal of the draft laws approved by the Government is to bring Ukrainian legislation into line with the regulatory legal acts of the European Union in the field of preventing and combating money laundering and terrorist financing, which is a necessary step for the country to join the Single Euro Payments Area (SEPA).
Among the main objectives of the approved draft laws, the following can be identified:
- Creation of a Register of Accounts and Individual Bank Safe Deposit Boxes of Individuals , to be administered by the State Tax Service (STS). The register will include data on bank accounts, securities accounts, electronic wallets, as well as information about the owners of these accounts and the institutions where they are opened.
- Creation of a Register of Ultimate Beneficial Owners of Trusts and Similar Legal Arrangements, also managed by the State Tax Service. The aim is to ensure transparency of ownership structures and prevent the use of trusts for money laundering or terrorist financing.
3. Improving the procedure for verifying information about the ultimate beneficial owners of legal entities and the mechanism for applying measures of influence for failure to submit, untimely submission, or submission of knowingly inaccurate data about the ultimate beneficial owner to the Unified State Register.
4. Introduction of effective, dissuasive and proportionate sanctions for violations of the requirements of the legislation in the field of financial monitoring by primary financial monitoring entities, which will comply with EU standards on the prevention of money laundering and terrorist financing.
Also, in addition to the main goals defined by the draft laws, the following is provided for:
- Strengthening the verification of ultimate beneficial owners by introducing sanctions for providing false data.
- Implementation of a whistleblower system in the field of financial monitoring, providing protection for individuals who report violations.
·Expanding the list of specially designated entities of primary financial monitoring - in order to improve control over money laundering and other illegal financial transactions. (Inclusion in this list of trustees of trusts and traders of cultural values who carry out transactions through "free ports" if the amount exceeds UAH 400 thousand).
·Prohibition of persons who have a criminal record or are accomplices in crimes from managing and/or controlling specially designated entities of primary financial monitoring.
It is worth noting that the previously approved draft law of April 18 on integration with the EU for the purpose of joining SEPA was withdrawn due to a number of remarks from the Government due to non-compliance with the established requirements. In this regard, the Government decided to divide the initiative into two separate draft laws, which were re-approved on April 29 and then submitted for consideration to the Verkhovna Rada Committees.
April 16 The Verkhovna Rada of Ukraine adopted two laws No. 13172 and No. 13173 , which extended martial law and general mobilization for 90 days - from May 9 to August 6, 2025.
This is the fifteenth extension of the respective regimes since the start of the full-scale invasion in 2022.
President Volodymyr Zelenskyy signed these laws on April 18, 2025, and the official publication took place on April 19 in the newspaper "Voice of Ukraine", which means entry into force from the date of official publication until May 9, 2025 at 05:30. The decision to extend martial law and mobilization was supported by the overwhelming majority of deputies.
The continuation of martial law and mobilization are part of measures aimed at ensuring the country's defense capability in the face of ongoing aggression. These legal regimes allow authorities to effectively coordinate actions to protect the sovereignty and territorial integrity of Ukraine.
Recall that martial law in Ukraine was first introduced on February 24, 2022 in response to russia's full-scale invasion.
On April 8, the Cabinet of Ministers of Ukraine adopted Resolution No. 394, which is aimed at strengthening the protection of the rights of land owners and introducing an administrative procedure in the field of land relations.
This regulatory legal act entered into force on April 11, 2025, and is aimed at resolving current issues in the field of land legislation, in particular in terms of resolving conflicts regarding land boundaries, ensuring legal certainty and transparency in the use of land resources.
According to the information provided by the Ministry of Agrarian Policy of Ukraine, this Resolution is part of a comprehensive reform of land legislation aimed at reducing the number of disputes related to land rights, increasing the efficiency of land management, as well as ensuring the stability of land relations under martial law. In addition, the Resolution implements the principles of the Law of Ukraine "On Administrative Procedure" in the part related to land legal relations and provides for the following:
- Protection of owners' rights in the event of lack of complete data
The resolution allows the use of data from technical documentation on the normative monetary valuation of lands and other land management documentation developed before 2013 to determine the location of land plot boundaries within massifs. This is important in cases where the boundaries of the plots are not included in the State Land Cadastre.
- Simplification of procedures during martial law
The document provides for the possibility of using land management data in administrative procedures without unnecessary bureaucratic procedures. This is especially relevant in the current conditions, when some of the data may have been lost or unavailable due to the war.
- Filling the state documentation fund
It is established that the materials that were the basis for the formation of collective land plots must be submitted to the State Fund of Land Management Documentation. This will allow updating and generalizing the information used in decision-making on the ground.
- Information transparency
The resolution obliges authorities to publish relevant documentation, which contributes to transparency in the field of land relations and a reduction in the number of conflicts.
April 29, the President of Ukraine signed Law No. 4353-IX, which provides for the creation of a Unified Register of Qualifications (Classifier of Professions).
This step is aimed at modernizing the national qualifications system in accordance with the current needs of the labor market.
In accordance with the adopted law, an explanation of the term Unified Register of Qualifications is provided - this is an automated system for classifying, collecting, verifying, processing, storing and protecting information about qualifications, professions (types of occupations), which combines:
·National Classification of Occupations;
·Directory of qualification characteristics of employee professions;
·Register of qualifications.
The purpose of this law is to digitize and synchronize data from the entire database to ensure quick and transparent access to information on professional qualifications.
According to the document, the authority to create and maintain the Unified Register of Qualifications has been transferred to the National Qualifications Agency. A transitional period is also provided for during which the agency will maintain the Handbooks of Qualification Characteristics of Employees' Professions.
The creation of the Unified Register of Qualifications must be completed within a transitional period of one year from the date of entry into force of this Law.
The creation of the Unified Register of Qualifications is an important step towards modernizing the labor resources management system in Ukraine. This will contribute to increasing the efficiency of the labor market, ensuring transparency, and compliance of professional qualifications with modern requirements.
On April 1, the amendments adopted by Resolution No. 39 of March 29, 2025 by the National Bank of Ukraine (NBU) came into force, amending the Rules for the Storage, Protection, Use and Disclosure of Bank Secrecy.
Among the innovations defined by this resolution, the following are defined:
· Expansion of the list of entities that have the right to receive information containing banking secrecy.
· Clarification of information disclosure procedures in cases provided for by law.
These changes are aimed at ensuring a balance between the protection of personal data of bank customers and the need for government agencies to access financial information to perform their functions.
These changes are related to the approval of draft laws that provide for the creation of a register of bank accounts and individual safe deposit boxes for citizens.
