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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 ...

THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

... association has proposed to introduce an annual indexation of the income threshold, at which taxpayers of the simplified taxation system (USN) begin to calculate and pay VAT. The relevant initiative was included in the list of proposals to the draft law "On the Federal Budget for 2025 and for the planning period 2026 and 2027", which were sent to the State Duma. The business association also came up with the idea to preserve the rights of USN payers to VAT exemption when selling expensive fixed assets if the sale led to exceeding the threshold. We are talking about a business with a turnover of up ...

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