In January, the head of the Russian Association of cryptocurrency and blockchain (RAKIB) Yuri Pripachkin saidthat to impose a tax on mining in Russia is meaningless. According to him, to impose a fee mining cryptocurrencies is the same that “to impose a tax on the Internet”.
The government of Russia has a different view of the situation. In the law of the crypto currency, which the state Duma will consider in the autumn session, there will be regulations on the tax on mining on a par with other economic activities. Write about this “Izvestia” with reference to the Chairman of the Duma Committee on financial market Anatoly Aksakov.
According to the Deputy, with individuals who make money on mining, the tax will be levied on incomes of physical persons (NDFL). Legally, depending on the form of business. The law on digital assets will not be separate instructions in the form of taxing miners. This means that miners will be subject to all of the Tax code.
Tax on mining in Russia — what to expect
It turns out, individuals will be paying 13 percent of income. Rate for legal entities will be determined by the classification of the business. Separate taxation of mining might occur in the future, but only if the need for their introduction will see the government, said Aksakov.
If you want to separately describe these types of business it will write. While tax issues we can not describe.
We now assess the government’s initiative is difficult — on the one hand, the tax assessment for mining along with other kinds of economic activities will reduce the profits from production to almost zero at the current price of coins. On the other, mining in Russia is actually legalized, and in the case of growth of the stock market participants can legally earn.
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