Russia plans new tax for selling crypto – media ...News

Russia Today - News
Russia plans new tax for selling crypto – media
source : Russia Today ( News ) () 119
Income from crypto transactions and mining activities will reportedly be subject to a levy of up to 15% The Russian Finance Ministry has presented a draft law introducing taxes on crypto transactions and mining activities by individuals, Interfax reported on Tuesday, citing an unnamed source familiar with the matter. According to the proposed amendments, crypto assets will be legally defined as property. Income will be taxed at a rate of 15% for individuals earning more than 2.4 million rubles ($24,000) per year from crypto activities, and 13% for those earning below the threshold. The rates are expected to take e

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