Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The Russian government approved changes to the bill on taxing crypto transactions, imposing a 15% tax on transactions and mining

The Russian government approved changes to the bill on taxing crypto transactions, imposing a 15% tax on transactions and mining

CointimeCointime2024/11/19 05:44
By:Cointime

On November 19th, according to the International News Agency, the Russian government has approved a draft amendment to the bill on the taxation of cryptocurrency transactions and mining income and expenses. According to the proposed legislation, for tax purposes, cryptocurrency will be classified as property and mining income will be taxed based on its market value at the time of receipt. Miners will be allowed to deduct expenses related to mining operations from their taxable income. In addition, cryptocurrency transactions will be exempt from value-added tax, with transaction income subject to the same tax rate as securities trading income, and the highest personal income tax rate being 15%.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BTC breaks through $97,500

Cointime2024/11/24 12:33

DOT breaks through $8.5

Cointime2024/11/24 12:33

Data: BTC market share falls below 59%

Cointime2024/11/24 12:33

SOL breaks through $250

Cointime2024/11/24 12:00