Cryptocurrency Q&A
Is crypto taxed in Russia?
Is crypto taxed in Russia?
Sara
Sat Jun 08 2024
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6 answers
1628
Could you please elaborate on the taxation policies surrounding cryptocurrency in Russia? I'm curious to know if Russia levies taxes on crypto transactions and, if so, how these taxes are calculated and applied. Additionally, are there any exemptions or special regulations that crypto investors in Russia should be aware of? Understanding these tax implications is crucial for those interested in investing in cryptocurrencies in the country.
6 answers
TaekwondoMaster
Mon Jun 10 2024
Cryptocurrency transactions in Russia are taxed accordingly, with specific regulations governing the taxation of proceeds derived from such activities.
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Raffaele
Mon Jun 10 2024
For Russian citizens, any income generated through the sale of cryptocurrencies is subject to personal income tax.
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CryptoMystic
Sun Jun 09 2024
The rate of taxation for these proceeds is set at 13%, applying uniformly to all individuals engaging in cryptocurrency sales.
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LightningStrike
Sun Jun 09 2024
Profits resulting from investing in cryptocurrencies are also taxed, but in a different manner.
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SeoulSerenitySeekerPeace
Sun Jun 09 2024
These profits are taxed as capital gains, reflecting the nature of investment activities involving cryptocurrencies.
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