{"id":5390,"date":"2020-12-08T15:36:51","date_gmt":"2020-12-08T12:36:51","guid":{"rendered":"http:\/\/mlegal.de\/?p=5390"},"modified":"2020-12-08T15:36:51","modified_gmt":"2020-12-08T12:36:51","slug":"russia-regulates-taxation-of-cryptocurrency","status":"publish","type":"post","link":"https:\/\/mlegal.de\/en\/newsen\/russia-regulates-taxation-of-cryptocurrency\/","title":{"rendered":"RUSSIA REGULATES TAXATION OF CRYPTOCURRENCY"},"content":{"rendered":"<p>Russian Government has elaborated a draft law on taxation of cryptocurrencies.<br \/>\nIn accordance with amendments to the Tax Code, if the annual cryptocurrency turnover exceeds 600.000 rubles (approx. 7.000 euro), a corresponding report shall be filed to the tax authority.<br \/>\nThe report shall include information about cryptocurrency transactions and the amount of remaining cryptocurrency.<br \/>\nThe first annual report shall be filed not later than on April 30, 2022 with regard to cryptocurrency operations in 2021.<br \/>\nCryptocurrency is acknowledged property. Cryptocurrency operations shall be taxed with income tax, but will be free of VAT.<br \/>\nA penalty for non-reporting, late reporting, false reporting, or non-payment of the tax is introduced by the draft law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian Government has elaborated a draft law on taxation of cryptocurrencies. In accordance with amendments to the Tax Code, if the annual cryptocurrency turnover exceeds 600.000 rubles (approx. 7.000 euro), a corresponding report shall be filed to the tax authority. The report shall include information about cryptocurrency transactions and the amount of remaining cryptocurrency. The &#8230; <a title=\"RUSSIA REGULATES TAXATION OF CRYPTOCURRENCY\" class=\"read-more\" href=\"https:\/\/mlegal.de\/en\/newsen\/russia-regulates-taxation-of-cryptocurrency\/\" aria-label=\"More on RUSSIA REGULATES TAXATION OF CRYPTOCURRENCY\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":5388,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/posts\/5390"}],"collection":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/comments?post=5390"}],"version-history":[{"count":1,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/posts\/5390\/revisions"}],"predecessor-version":[{"id":5391,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/posts\/5390\/revisions\/5391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/media\/5388"}],"wp:attachment":[{"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/media?parent=5390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/categories?post=5390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mlegal.de\/en\/wp-json\/wp\/v2\/tags?post=5390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}