Russian Tax Service To Treat Bitcoin As A Foreign Currency

[andrzej.srankiewicz]

The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange.

According to the letter published by the Russian Federal Tax Service, Russian legislation does not prohibit individuals or companies from using cryptocurrencies, thus the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies, reported Bits.media.

More info here: https://coinidol.com/russian-tax-servic ... -currency/

[iFixBTCmemoryIssues]

The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange.

According to the letter published by the Russian Federal Tax Service, Russian legislation does not prohibit individuals or companies from using cryptocurrencies, thus the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies, reported Bits.media.

More info here: https://coinidol.com/russian-tax-servic ... -currency/

If anybody is from Russia, would you be able to explain more about how the Russains are going about this? It would be interesting to hear.

For example, how much you will have to pay?

[andrzej.srankiewicz]

The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange.

According to the letter published by the Russian Federal Tax Service, Russian legislation does not prohibit individuals or companies from using cryptocurrencies, thus the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies, reported Bits.media.

More info here: https://coinidol.com/russian-tax-servic ... -currency/

If anybody is from Russia, would you be able to explain more about how the Russains are going about this? It would be interesting to hear.

For example, how much you will have to pay?

Do you think, many people in Russia is actually paying all taxes?)

[iFixBTCmemoryIssues]

The Russian Federal Tax Service has published a letter on measures to control cryptocurrency circulation and exchange.

According to the letter published by the Russian Federal Tax Service, Russian legislation does not prohibit individuals or companies from using cryptocurrencies, thus the Federal Tax Service of Russia considers that operations with the purchase or sale of cryptocurrency should be treated as transactions with foreign currencies, reported Bits.media.

More info here: https://coinidol.com/russian-tax-servic ... -currency/

If anybody is from Russia, would you be able to explain more about how the Russains are going about this? It would be interesting to hear.

For example, how much you will have to pay?

Do you think, many people in Russia is actually paying all taxes?)

Of course, nobody needs to go to jail over some small issues.

If you talk to a tax attorney, he will sort you out a good plan, your money is never wasted seeking legal advice.

Stay free!!!!!!!!!!!!!!!

[Windowly]

I wish other countries would treat it as a foreign currency instead of a digital asset.