PANews reported on November 19 that according to Interfax, the Russian government has approved a draft amendment to the bill on taxing income and expenses from digital currency mining and its purchase and sale. No value-added tax is levied on digital currency transactions. Income from digital currency transactions will be included in the same tax base as income from securities transactions. Therefore, the highest personal income tax rate for cryptocurrency taxation will not exceed 15%. Operators of mining infrastructure must report information to the tax authorities on people who use their infrastructure to mine cryptocurrencies.
Russia approves amendment to cryptocurrency transaction tax bill, with tax rate not exceeding 15%
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