Express
Russian Traders May Have To Report Their Crypto Earnings
Summary: According to the documents on the official website of sozd.duma, the State Duma is discussing a draft law to amend Article 12 of the Federal Law "Currency Regulation and Currency Control", which will require Russian traders to report “electronic” assets returns which hold on the oversea platforms. The draft proposes that if the annual transaction ...
According to the documents on the official website of sozd.duma, the State Duma is discussing a draft law to amend Article 12 of the Federal Law "Currency Regulation and Currency Control", which will require Russian traders to report “electronic” assets returns which hold on the oversea platforms.
The draft proposes that if the annual transaction value of citizens on overseas digital platforms exceeds $7,730, they need to declare to the national tax authorities. In addition, the clause also gives legislators and the Federal Tax Service (FTS) authorities to apply it to crypto wallets and exchange accounts. As the report time, The bill is currently in the process of being reported.
By Mary Liu
Tags: Crypto,Russian,the State Duma
Link: Russian Traders May Have To Report Their Crypto Earnings [Copy]
