Russia’s State Duma passed the first reading of the draft law on taxes on transactions with digital assets
The document defines the calculation formula and the amount of the tax
18.05.2022 - 10:25
479
1 min
0
What’s new? The draft law on the introduction of taxation of transactions with digital financial assets (DFAs) has been passed by the Russian State Duma in its first reading. The relevant information has been published on the department’s website. According to the document, the tax base for transactions with DFAs is defined as the difference between the sale and purchase price, including taxes.
The bill on the website of the Russian State Duma
What taxes are planned to be introduced? For Russian companies, the tax on income will be 13%, while foreign companies will pay 15%. Information system operators’ services and the issuance of DFAs will be exempt from VAT.
What events happened before? According to the head of the State Duma Committee on the Financial Market Anatoly Aksakov, three platforms for the issuance of digital financial assets (DFAs) by SberBank, Norilsk Nickel, and Transmashholding have already been registered in Russia, with two more being prepared for launch. And by the end of 2022, the first DFAs can be issued.
In April, the Bank of Russia discussed the concept of organized DFA trading with market participants: brokers, exchanges, and information system operators who have the right to issue an asset.
Useful material?
Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025