Russia's Upper House Approves 15% Crypto Tax Bill, Exempts Transactions from VAT
Russia's upper house, the Federation Council, has approved a new tax bill that introduces a 15% income tax on profits from cryptocurrency mining and trading
By: DeepNewz •
Regulation & Politics
Russia's upper house, the Federation Council, has approved a new tax bill that introduces a 15% income tax on profits from cryptocurrency mining and trading.
The legislation exempts cryptocurrency transactions from value-added tax (VAT), but requires mining companies to report client data to tax authorities. This move aims to regulate the cryptocurrency sector while providing a clear tax framework for digital assets.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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