Breaking news!
Putin makes a bold move!
The digital currency tax law has officially been released!
TASS reports shocking news! Russian President Putin has officially signed the law regarding the taxation of digital currencies!
From now on, digital currencies are recognized as "property" in Russia! Even those innovative digital currencies used in foreign trade payments are no exception!
Mining and selling digital currencies? Don't worry about value-added tax! However, miners need to be careful; you must report your mining infrastructure to the tax authorities, otherwise, a fine of 40,000 rubles may come knocking on your door!
Regarding personal income tax, the digital currencies obtained from mining are considered tangible income! How much income depends on the market! The tax rate is the regular progressive tax rate, but mining expenses can be deducted from taxes!
Money earned from selling or circulating digital currencies? The tax rate is divided into two brackets! Up to 2.4 million rubles, the tax rate is 13%; beyond that, the tax rate is 15%! It's treated the same as income from securities and bank deposits!
Don't forget about corporate income tax; digital currency mining will be taxed at the standard rate! Starting from 2025, the tax rate will be 25%!
It seems that the legal status of digital currencies in Russia is becoming increasingly secure!
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