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The Russian State Duma passed the Cryptocurrency Tax Reform Act in the first instance, clarifying that the taxable basis for transactions is the positive difference between income and cost, and investors can offset the profits and losses of digital currencies and overseas digital rights assets within the same tax period. The bill requires brokers and entrusted management institutions to withhold and pay personal income tax and keep transaction vouchers for at least five years. Foreign trade income and expenses of enterprises will be included in the corporate income tax base, and overseas digital rights assets will be treated as cryptocurrencies. The Budget and Taxation Committee recommends revising the bill during the second instance stage to require licensed cryptocurrency exchange platforms to withhold personal income tax.