LEGAL ASPECTS OF TAXATION OF OPERATIONS WITH VIRTUAL ASSETS IN UKRAINE: CURRENT TRENDS

The article is devoted to a comprehensive study and review of current legislative initiatives on taxation of operations with virtual assets in the modern legal environment. The author researched the legislative concepts and regulatory principles of taxation of virtual assets in Ukraine, taking into account global trends and the experience of other countries. Special attention is paid to the analysis of legal acts related to the taxation of transactions with virtual assets, as well as to the development of proposals for improving legislation in this direction by identifying potential problems and challenges that the tax system may face in the context of the development of the field of virtual assets. It is emphasized that after Ukraine chose the path of European integration, it became obvious that the text of the Draft Law «On Amendments to the Tax Code of Ukraine on Taxation of Transactions with Virtual Assets» No. 7150 dated 13.03.2022 does not meet modern European standards in the field of regulation of virtual assets, which significantly complicates the development of this industry due to the high level of shadowing caused by the lack of a proper regulatory and legal basis and a clear tax regime. In the article, the author focuses on the key aspects that regulate the taxation of operations with virtual assets, such as establishing the list of taxpayers, tax rates, types of taxes, as well as operations that will be subject to taxation. The author considers the need to implement a clear legal framework to ensure transparency and stability in the field of taxation of virtual assets. In the course of the conducted research, modern trends in the taxation of transactions with virtual assets were established, namely, taxation of transactions with virtual assets with the income tax of enterprises; taxation on the income of individuals for receiving investment income from the income received by individuals from transactions with virtual assets; exclusion of transactions with virtual assets from value-added tax.