State Duma Committee supported bill on tax on digital assets
- April 27, 2022
- 0
The Financial Market State Duma Committee supported the adoption at its first reading of the concept of a bill on the taxation of transactions with digital assets. The
The Financial Market State Duma Committee supported the adoption at its first reading of the concept of a bill on the taxation of transactions with digital assets. The result is at the disposal of ForkLog.
The ministry believes that the adoption of the document will promote transparency of the circulation of digital assets, take into account their “special economic and legal nature” in tax matters, and provide additional revenue to the budget.
The document explains the specifics of VAT, corporate tax on transactions related to the sale of digital assets, as well as taxpayers’ personal income tax on profits and income from the sale of digital assets.
Recall that the draft law was submitted to the State Duma on April 14. It does not affect cryptocurrency holders.
Source: Fork Log
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