🔔 Russia Proposes 15% Tax on Income from Crypto Trading and Mining: Report !
Russia has approved draft amendments to tax crypto income and mining, classifying cryptocurrencies as property for tax purposes. Mining income will be taxed based on market value at receipt, with expenses deductible. Crypto transactions are exempt from VAT, and trading income will face up to 15% tax. Mining operators must report user data, and a power limit of 6,000 kWh/month applies to unregistered individuals mining bitcoin.
▶️ Check More Details Here:
https://interfax.com/newsroom/top-stories/107828/
Russia has approved draft amendments to tax crypto income and mining, classifying cryptocurrencies as property for tax purposes. Mining income will be taxed based on market value at receipt, with expenses deductible. Crypto transactions are exempt from VAT, and trading income will face up to 15% tax. Mining operators must report user data, and a power limit of 6,000 kWh/month applies to unregistered individuals mining bitcoin.
▶️ Check More Details Here:
https://interfax.com/newsroom/top-stories/107828/