The Ministry of Finance proposed a tax scheme for owners of cryptocurrencies – with personal income tax and tax onrevaluation


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The Ministry of Finance assumes that the scheme will be included in the draft law on amendments to the Tax Code. It was adopted in the first reading by the deputies of the State Duma, writes Forbes with reference to a statement by Deputy Finance Minister Alexei Moiseev.

Taxes for owners of cryptocurrencies offered by the Ministry of Finance
Cryptocurrency revaluation tax for legal entities: crypto exchanges, mining farms, and others. The regulator did not name its size. If companies did not sell cryptocurrency, in July 2022 they still have to revalue its value on their accounts and pay tax.
Personal income tax is at 13% of the profit after the sale of the cryptocurrency. It will have to be paid by individuals before July 15 of each year tax scheme.
The Ministry of Finance proposes not to introduce VAT and property tax so that more companies “agreed to settle down”.

The regulator estimated tax revenues from cryptocurrencies to the budget at 10-15 billion rubles annually. The main income is expected from the miners. On February 6, 2022, The Bell wrote that the government plans to collect up to 1 trillion rubles in taxes on the crypto market every year tax scheme.

On February 8, the government approved the agency’s plan to regulate cryptocurrencies. The Ministry of Finance and the Central Bank must prepare a joint bill by February 18, 2022, Forbes sources in the government told.

On February 14, 2022, the Ministry of Finance proposed limiting the purchase of cryptocurrency for unqualified investors to the amount of 50 thousand rubles tax scheme.

#Ministry of Finance #cryptocurrencies #news

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