Special tax regime for miners and owners of cryptocurrency to create not planned, said the Chairman of the Duma Committee on financial markets Anatoly Aksakov. According to him, users of digital money fall under existing Tax code provisions.
«If the turnover of the natural persons engaged in cryptocurrency, then it will be subject to personal income tax (13% income tax) if a legal entity – taxation will conform to the shape of its business. For example, an entrepreneur could work on a simplified tax system (STS) or to pay income tax. According to the Finance Ministry, the issue of taxation should be resolved after adoption of draft law on digital money. Now in the lower house of Parliament there is a separate working group on preparation of amendments for the second reading of the bill on digital financial, which the state Duma will consider in the fall,» he said.
However, the head of the Duma Committee on fininkom does not exclude the possibility of separate taxation regimes for mining and cryptocurrency circulation, if the government expressed the initiative to create them.
«If you want to separately describe these types of business it will write. While tax issues we can not describe. This means that the Tax code is valid for this type of business,» – said Aksakov.
First you need to legally prescribe the definition of cryptocurrency, and then to solve the issue of taxation, reported the press service of the Ministry of Finance.
«In the professional community consider it necessary to develop a separate tax regime for mining and cryptocurrency circulation, – said Vice-President of the Association of banks of Russia Anatoliy Kozlachkov. – The Ministry of Finance may submit to the provisions associated with taxation, since the adoption of the bill on second reading, when most conceptual issues can be resolved the basic contradictions of the cut.»
«Crypto-currencies are not legal tender, so should be taxed as ordinary assets, – says analyst «Discovery Broker» Timur Nigmatullin. – However, if digital money to create a separate regime of preferential taxation, there is a risk of tax evasion with their use. And if you enter a higher tax burden will risk eviction using such tools companies from the Russian jurisdiction.»
Exchange cryptocurrency for cash, units in the amount of 600 thousand rubles or more will be subject to mandatory exchange controls, says the government’s response to the bill on cryptocurrency. Russian banks already keep track of transactions on such amount for the purposes of combating money laundering and financing of terrorism.