On April 24, 2025 in the Verkhovna Rada of Ukraine, immediately after the meeting of the Committee on Finance, Tax and Customs Policy, the draft Law No. 10225-d “On Amendments to the Tax Code of Ukraine and some other legislative acts of Ukraine on resolution of virtual assets in Ukraine” was registered.
This document opens a new stage in the development of the Ukrainian market of virtual assets, establishing clear rules of their circulation, taxation and regulation that meet European standards. The article analyzes in detail all the provisions of the bill, its tasks, implementation mechanisms and the expected consequences for the market.
The context and prerequisites for adopting the bill
The rapid development of the digital economy requires the renewal of the legal environment. Virtual assets have long ceased to be an element of exclusively innovative startups and have become an important part of the world's financial markets. Ukraine, seeking to integrate into the international economic space, initiated the creation of a legislative framework to regulate this segment.
Bill No. 10225-D was the answer to the urgent need:
·Introduce Virtual Asset Tax Rules,
·Ensure the protection of investors 'and consumers' rights,
·Promote the development of innovative technologies and attracting investments,
·Prevent the use of virtual assets in illegal activities.
The main goals and structure of the bill
The project provides comprehensive changes to the Tax Code of Ukraine and a number of other legislative acts. His key tasks:
·creation of transparent tax mechanisms for virtual assets;
·establishing clear requirements for the activities of service providers related to the circulation of virtual assets;
·harmonization of Ukrainian legislation with EU Mica Rules.
The project consists of two main blocks:
1.Amendments to tax legislation.
2.The new version of the Law of Ukraine "On Markets of Virtual Assets".
Regulating taxation of transactions with virtual assets
Special Taxation Regime for Individuals
From January 1, 2026 it is proposed to introduce a separate procedure for taxation of transactions with virtual assets:
·Taxable object: positive financial result for a year (minus income).
·Costs: The list of costs that can be taken into account will be determined by the Ministry of Finance in agreement with the regulator.
·Losses: it is allowed to transfer losses of past periods, except for certain cases (for example, cancellation of asset authorization).
·Self -return: lack of tax agent, responsibility for declaration rests with the payer.
Exceptions to taxation:
·exchange of one virtual asset for another.
·selling assets within one minimum wage per year.
·obtaining assets as a result of issue or exchange for personal data.
There is also a transitional privileged regime: the sale of VA, acquired before the entry into force of the Law, in 2026 can be taxed at the rate of 5% of the PIT.
Administration and reporting
·Services of residents of residents of Ukraine must be registered with tax authorities.
·They are obliged to submit annual reports on their customers' operations.
·A gradual increase in penalties for violation of obligations is introduced: 10% of the standard fine in 2026, 25% - in 2027-2029.
Taxation of legal entities
For legal entities working with virtual assets:
·Special rules for adjusting the financial result are established.
·Taxation approach is similar to taxation of securities transactions.
VAT and virtual assets
·Operations for the issue, placement, circulation and sale of VA are not subject to VAT (except NFT and tokens confirming the rights to property or services).
·VAT is taxed by VAT according to the general rules.
Simplified taxation system
·Single tax payers are prohibited from performing virtual assets.
·VA service providers must work on a general tax system.
Virtual Asset Markets Law: A New Foundation for Digital Economy
The legal regime of virtual assets
A virtual asset is defined as a digital thing based on the distributed register technologies that may certify property rights or obligations.
Three main token categories:
·tokens with assets;
·electronic money tokens;
·other tokens (determined by the regulator).
The ownership of VA is confirmed by the possession of access means (cryptographic keys).
Regulation of issue and trade
·A white book with information about the asset, the issuer and risks is required for the public offer.
·Strict requirements for marketing messages: authenticity, transparency, risk reservation.
Services and Virtual Assets Markets
·Suppliers must undergo authorization, meet financial and organizational requirements.
·Clear rules for the activities of the trading venues are established.
·Insider trade and market manipulation are prohibited.
Supervision and control
Regulator (NBU or other body) will exercise:
·authorization of market participants;
·supervision of compliance;
·application of measures of influence.
Harmonization with European Law: Mica matching
The project is agreed with EU Mica Rules:
·Principles of transparency, protection of investors' rights, fight against financial abuse.
·The Ukrainian version is adapted to local realities: gradual imposition of penalties, temporary recognition of foreign token.
Integrated changes to other laws
The project provides changes to:
·Code of Labor Laws,
·Laws on advertising, currency, banking, combating money laundering,
·Laws in the field of payment services and digital economy.
This will ensure the integrity and complexity of new regulation.
Conclusion
The implementation of the Law No. 10225-d opens for Ukraine the opportunity to become an active participant in the global market of virtual assets. Creating a transparent, safe and competitive environment will help attract investment, innovation development and increase the country's economic capacity.
A comprehensive approach to regulating the turnover of virtual assets is an important step towards the digital transformation of the Ukrainian economy.
This document opens a new stage in the development of the Ukrainian market of virtual assets, establishing clear rules of their circulation, taxation and regulation that meet European standards. The article analyzes in detail all the provisions of the bill, its tasks, implementation mechanisms and the expected consequences for the market.
The context and prerequisites for adopting the bill
The rapid development of the digital economy requires the renewal of the legal environment. Virtual assets have long ceased to be an element of exclusively innovative startups and have become an important part of the world's financial markets. Ukraine, seeking to integrate into the international economic space, initiated the creation of a legislative framework to regulate this segment.
Bill No. 10225-D was the answer to the urgent need:
·Introduce Virtual Asset Tax Rules,
·Ensure the protection of investors 'and consumers' rights,
·Promote the development of innovative technologies and attracting investments,
·Prevent the use of virtual assets in illegal activities.
The main goals and structure of the bill
The project provides comprehensive changes to the Tax Code of Ukraine and a number of other legislative acts. His key tasks:
·creation of transparent tax mechanisms for virtual assets;
·establishing clear requirements for the activities of service providers related to the circulation of virtual assets;
·harmonization of Ukrainian legislation with EU Mica Rules.
The project consists of two main blocks:
1.Amendments to tax legislation.
2.The new version of the Law of Ukraine "On Markets of Virtual Assets".
Regulating taxation of transactions with virtual assets
Special Taxation Regime for Individuals
From January 1, 2026 it is proposed to introduce a separate procedure for taxation of transactions with virtual assets:
·Taxable object: positive financial result for a year (minus income).
·Costs: The list of costs that can be taken into account will be determined by the Ministry of Finance in agreement with the regulator.
·Losses: it is allowed to transfer losses of past periods, except for certain cases (for example, cancellation of asset authorization).
·Self -return: lack of tax agent, responsibility for declaration rests with the payer.
Exceptions to taxation:
·exchange of one virtual asset for another.
·selling assets within one minimum wage per year.
·obtaining assets as a result of issue or exchange for personal data.
There is also a transitional privileged regime: the sale of VA, acquired before the entry into force of the Law, in 2026 can be taxed at the rate of 5% of the PIT.
Administration and reporting
·Services of residents of residents of Ukraine must be registered with tax authorities.
·They are obliged to submit annual reports on their customers' operations.
·A gradual increase in penalties for violation of obligations is introduced: 10% of the standard fine in 2026, 25% - in 2027-2029.
Taxation of legal entities
For legal entities working with virtual assets:
·Special rules for adjusting the financial result are established.
·Taxation approach is similar to taxation of securities transactions.
VAT and virtual assets
·Operations for the issue, placement, circulation and sale of VA are not subject to VAT (except NFT and tokens confirming the rights to property or services).
·VAT is taxed by VAT according to the general rules.
Simplified taxation system
·Single tax payers are prohibited from performing virtual assets.
·VA service providers must work on a general tax system.
Virtual Asset Markets Law: A New Foundation for Digital Economy
The legal regime of virtual assets
A virtual asset is defined as a digital thing based on the distributed register technologies that may certify property rights or obligations.
Three main token categories:
·tokens with assets;
·electronic money tokens;
·other tokens (determined by the regulator).
The ownership of VA is confirmed by the possession of access means (cryptographic keys).
Regulation of issue and trade
·A white book with information about the asset, the issuer and risks is required for the public offer.
·Strict requirements for marketing messages: authenticity, transparency, risk reservation.
Services and Virtual Assets Markets
·Suppliers must undergo authorization, meet financial and organizational requirements.
·Clear rules for the activities of the trading venues are established.
·Insider trade and market manipulation are prohibited.
Supervision and control
Regulator (NBU or other body) will exercise:
·authorization of market participants;
·supervision of compliance;
·application of measures of influence.
Harmonization with European Law: Mica matching
The project is agreed with EU Mica Rules:
·Principles of transparency, protection of investors' rights, fight against financial abuse.
·The Ukrainian version is adapted to local realities: gradual imposition of penalties, temporary recognition of foreign token.
Integrated changes to other laws
The project provides changes to:
·Code of Labor Laws,
·Laws on advertising, currency, banking, combating money laundering,
·Laws in the field of payment services and digital economy.
This will ensure the integrity and complexity of new regulation.
Conclusion
The implementation of the Law No. 10225-d opens for Ukraine the opportunity to become an active participant in the global market of virtual assets. Creating a transparent, safe and competitive environment will help attract investment, innovation development and increase the country's economic capacity.
A comprehensive approach to regulating the turnover of virtual assets is an important step towards the digital transformation of the Ukrainian economy.
