The tax position on the Bitcoin crypto currency

30 August 2017, 10:42 | Technologies
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GFS refers to the definition of the National Bank and insists that the crypto currency can not be a means of payment. The State Fiscal Service (GFS) on the status of the so-called Bitcoin crypto currency is based on an explanation from the National Bank of Ukraine (NBU) dated 2014. This was stated in the press service of the GFS.

According to the statement, Bitcoin can not be used by individuals and legal entities on the territory of Ukraine as a payment method.



"The clarification on the legitimacy of the use of the virtual currency / crypto currency in Ukraine" was provided by the National Bank of Ukraine on November 10, 2014, on the basis of which the National Bank considers "virtual currency / crypto currency" Bitcoin "as a money surrogate, having no real value security, can not be used by physical And legal entities on the territory of Ukraine as a payment method, because it contradicts the norms of Ukrainian legislation, "the GFS.

The agency also recalled that the NBU recommends using only those payment systems and settlement systems that are entered in the relevant register and participants of these systems, and payment infrastructure service operators.

At the same time, questions about taxation of one of the most popular alternatives to traditional Bitcoin currencies, in particular, declared by people's deputies, the GFS did not give a reply.




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