The President of Russia, Vladimir Putin, has signed a law regulating the taxation of digital currencies. Mining and the sale of cryptocurrencies are not subject to VAT. Operators of mining infrastructure are required to report to tax authorities on the use of their services. Income from mining will be taxed on a progressive scale, while income from cryptocurrency transactions will be taxed at rates of 13% and 15%, depending on the amount. Starting from 2025, the corporate tax on mining profits will be 25%.
11/29/2024 2:54:32 PM (GMT+1)
Putin has signed a law on the taxation of digital currencies: mining and sales without VAT, cryptocurrency income taxed at 13% and 15%, and from 2025, a profit tax of 25% 💰📉
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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