MysticInfinity
Sun Jun 09 2024
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5 answers
1703
Is crypto taxed in Russia?｜For Russian citizens, income derived from selling cryptocurrencies is subject to personal income tax at a rate of 13%. Profits from investing in cryptocurrencies are taxed as capital gains at a rate of 13%.
Excuse me, could you please clarify something for me? I'm curious to know if cryptocurrencies are taxed in Russia? For instance, if a Russian citizen sells their cryptocurrencies, would they be required to pay personal income tax on the proceeds? And at what rate would this tax be imposed? Also, would profits gained from investing in cryptocurrencies be taxed differently, perhaps as capital gains? If so, could you specify the tax rate for such gains? Thank you for your assistance in clarifying this matter.
KpopMelody
Fri Jun 07 2024
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5 answers
717
Does Dubai have crypto tax?｜Unlike many countries, Dubai does not impose capital gains or personal income tax on crypto holdings. This means you pay no taxes on your crypto gains and income. Therefore, you can keep a larger portion of your crypto gains , if not all.
Does Dubai levy any taxes on cryptocurrency holdings? It's interesting to know that unlike numerous other nations, Dubai seemingly opts not to enforce taxes on capital gains or personal income derived from crypto assets. Does this indicate that individuals in Dubai enjoy the privilege of being exempted from paying taxes on their crypto profits and income? If so, does this advantage allow crypto investors in Dubai to retain a significantly larger share, perhaps even the entirety, of their crypto gains? It would be intriguing to delve deeper into this tax-friendly approach towards cryptocurrency in Dubai.
