Friends, we have long talked about the legalization of cryptocurrency, taxes on digital platforms, and the automatic exchange of fiscal information.
But now the state has gone further 💣.
🔴 The government officially published a bill that first introduces VAT for FOPs on a simplified system. And this is not a point correction — this is a breakdown of the entire logic of the 'simplified' system, which for years has been the financial foundation for small businesses, freelancers, and a significant part of the crypto community.
📌 What exactly is being proposed
According to the Ministry of Finance project:
All FOPs of groups 1-3 that have more than 1 million UAH in annual income,
➝ become VAT payers (20%)
VAT will have to:
register;
administer;
to keep full accounting;
to work with tax invoices and SMCOR.
👉 In fact: the simplified system ceases to be 'simplified' Everyone will pay!
💸 Why the state is going for this
The reason is simple and harsh:
Ukraine is critically dependent on external financing;
the new IMF program is a condition for budget survival;
The IMF is directly demanding an expansion of the tax base.
Small business is the most numerous and convenient payer.
The Ministry of Finance openly says:
"FOPs without VAT have a competitive advantage over 'white' businesses" Everyone will pay
🧨 What does this mean in practice
For a FOP, this is not just +20% to the price.
This is:
monthly reporting;
the risk of blocking tax invoices;
expenses for an accountant;
the impossibility of working 'on intuition';
constant contact with the tax office.
📊 According to the Ministry of Finance estimates:
660,000 FOPs fall under the new rules;
the net effect for the budget is ~40 billion UAH/year;
economic losses — up to 180 billion UAH and mass exit into the shadows Everyone will pay
🧠 Why this is important specifically for crypto enthusiasts
We have already written before:
on taxes on crypto profits;
on income from digital platforms;
on financial monitoring and P2P;
on the exchange of tax data starting from 2026.
👉 Most crypto enthusiasts = FOPs or 'semi-FOPs'.
Now:
on one side — legalization of crypto;
on one hand — complicating life for small businesses.
And this is no longer a theory. This is a systemic fiscal strategy.
⏳ When might this come into effect
The bill is at the stage of public discussion;
it is to be registered in the Council in January 2026;
the start date is January 1, 2027 (if approved) Everyone will pay
But — as we know — tax 'temporary' solutions in Ukraine often become permanent.
⚖️ Conclusion
We are not against taxes.
We are against illusions.
The state is gradually closing all 'grey zones':
crypto,
platforms,
FOPs,
P2P,
cash.
👉 Cryptocurrency can still be a way to financial freedom.
But only for those who think ahead, not after the fine.
