THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY
The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation.

The draft law provides that cryptocurrency will be recognized as property, but only for taxation. Residents are required to inform about transactions with digital currency if the amount of receipts or write-offs for the year is more than 600,000 rubles.

The author of the bill is the Ministry of Finance. The draft was submitted to the State Duma four years ago.

The explanatory note to the law notes that today cryptocurrency is often used for tax evasion, as well as the legalization of financial resources. The adoption of the bill will help to combat such offenses.

27.11.2024