Russia Approves Cryptocurrency Tax Framework
Russia approves comprehensive crypto tax framework with two-stage taxation for miners and up to 25% … [+]
The Russian Government Commission on Legislative Activities advanced a bill on November 11 to tax cryptocurrency operations through corporate profit tax and personal income tax systems, Russian newspaper Izvestia reported. The rules follow Russia’s new mining regulations that started November 1.
The legislation, first drafted in 2020 but delayed until now, classifies crypto as property and sets tax requirements for individual and corporate miners. Companies need Federal Tax Service registration to mine legally, while individuals can mine without registration when…
