State Duma passed a bill on taxes on digital assets at first reading
May 18, 2022
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The State Duma supported a bill on the taxation of transactions with digital financial assets (DFA) at first reading. The document sets out the specifics of taxation of
The State Duma supported a bill on the taxation of transactions with digital financial assets (DFA) at first reading.
The document sets out the specifics of taxation of VAT on transactions for the sale of digital financial assets, corporate income tax on profits from the sale of digital assets, and personal income tax.
Accordingly, when selling a CFA, the tax base is determined as the difference between the selling price of an asset, taking into account the tax amount, and the purchase price of the asset, taking into account the tax.
The income tax of Russian organizations with digital rights will be 13% -15% for foreign companies.
Recall that the bill was presented to the State Duma on April 14. The Financial Market Committee supported the adoption of the document concept at first reading.
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