Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, ...

Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, ...

Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining profits. Profits from Cryptocurrency Mining in Russia May Be Taxed Like Those From Securities The personal income tax levy for individual crypto miners withdrawing their profits into the traditional financial system cannot be less....


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