☄️ The State Duma has adopted a new law on the taxation of cryptocurrency!
Moscow, November 26. The State Duma adopted the law on the taxation of digital currency in the second and third readings. This document was initiated by the Government of the Russian Federation and will now regulate many aspects related to digital assets.
🔍 What exactly will change?
Digital currency as property: According to the new law, digital currency will be recognized as property for the purposes of the Tax Code of the Russian Federation. This means that transactions with it will be taxed, but not under VAT!
Mining and notifications: Operators of mining infrastructure are now required to inform tax authorities about individuals who engage in mining on their equipment. Violators face a fine of 40 thousand rubles.
Taxation of income: Income from mining digital currency will be taxed under personal income tax at a rate of 13-15%. These incomes will now be combined with other incomes, such as from the sale of stocks and bonds.
For organizations and individual entrepreneurs engaged in mining, income will be taxed at the standard corporate income tax rate.
⚖️ Ban on the self-employment regime: It is important to note that those engaged in mining or operations with digital currency will not be able to use the self-employment regime or the simplified tax system.
📆 When does it come into effect?: The law will come into force on the day of its official publication. Transitional provisions are also provided to ease the adaptation of performers to new requirements.
