Russia to impose crypto miners with taxes

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4 months ago
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Russia has announced its plans to apply miners and all crypto owners with the current norms of the Tax Code. The draft law on digital financial assets is planned to be adopted in the autumn session of the State Duma.

It is reported that from an individual dealing with the circulation of digital money, personal income tax will be levied, the taxation of legal entities will be corresponding to the business type. Besides, the document will not describe the individual tax regimes for holders of digital money – all applicable taxation approaches will be applied to the mining and crypto turnover.

The head of the State Duma committee on the financial market admitted that certain taxation regimes for the mining and turnover of cryptocurrencies may appear in the future if the government expresses the initiative to create them.