February 5, 2023

Ministry of Finance of the Russian Federation: miners must pay income tax

According to Anatoly Aksakov, head of the financial market committee, the State Duma is hard at work on a law on mining, discussing what taxes to imposeminers except for special tariffs for electricity. Opinions of people's deputies range from an analogue of the single tax on imputed income (UTII) from 7 to 15% to income tax in the amount of 20%.

The Ministry of Finance believes that it is more correct to levy a tax onprofits received from the mining of cryptocurrencies, since the Tax Code contains all the necessary provisions to tax this activity with this tax.

Deputy Aksakov stressed that in the field of miningup to tens of thousands of Russians are employed in cryptocurrencies, who seek to legalize business and pay taxes. According to the deputy, citizens and companies involved in the field of cryptocurrency mining, who want to pay taxes and sleep peacefully, constantly turn to him.

News and notes about cryptocurrency and traditional financial markets, politics and technologies in Telegram.