President Vladimir Putin supports a law regulating tax transactions with Russian digital currency.
The document identifies it as property. Companies providing mining services now report information about users of their services to tax authorities. For late provision of data, a fine of 40 thousand rubles is provided.
Income from cryptocurrency mining will be considered as natural income. Their value will be calculated on the basis of market quotations, and such income will be taxed on a progressive scale. At the same time, tax payments associated with mining costs are provided.
Income received from purchases, sales or other transactions with digital currency will be subject to personal income tax under a two-stage scheme: 13% for amounts up to 2.4 million rubles and 15% for income exceeding this threshold. This data should be taken into account on the general tax base along with income from transactions with securities, bank deposits and other sources.
As for fees on the profits of organizations, mining digital currency will be subject to delivery conditions, which will be 25% starting in 2025.
Mining operations and sales of VAT-exempt cryptocurrencies, as well as service organizations that carry out transactions within the framework of settlements on electronic platforms. [ТАСС]
Source: Iphones RU
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