The State Duma adopted a bill on the taxation of digital assets

Deputies of the State Duma voted in the first reading for the draft amendments to the Tax Code of the Russian Federation.

Document establishes features of VAT taxation of operations with digital financial assets, and also introduces a tax on corporate income and income of individuals from the sale of digital assets.

The draft law introduced by the government provides for the definition of the features of taxing value added tax on transactions for the sale of digital assets. It also spells out the procedure for levying taxes on the profits of organizations and on the income of individuals from the sale of CFA.

The tax on income of legal entities owning digital rights is proposed to be set at the level of 13% for Russian companies, and 15% for foreign ones.

The draft law does not contain requirements for DFA market participants that are associated with the implementation of entrepreneurial and any other economic activities, compliance with which is carried out within the framework of state control (supervision) or other forms of assessment, licensing, accreditation and examination.

Recall that in early May, a draft law “On Mining in the Russian Federation” was sent to the State Duma for consideration. If the bill is passed, individuals planning to mine digital currencies will be required to register in the federal register of mining participants, as well as register an individual entrepreneur or obtain the status of self-employed.