The Government of the Russian Federation has introduced a bill on taxation of digital assets – Bits Media

The Russian government officially introduced a draft law on the features of the coverage of operations on the implementation of digital financial assets to the State Duma (CFA) Three types of taxes.

The bill is amendments to the Tax Code, which clarify Office tax taxation, value added tax (VAT) and tax on individuals (NDFL) operations with digital financial assets (CFA). The procedure for calculating the tax base is also registered.

The TsFA in the bill means "digital rights, Certifying at the same time digital financial assets "and" utilitarian digital rights ", release, accounting and appeal of which are regulated by adopted 2020 year by law "On digital financial assets". In fact, the Tsfa is equated with securities with this project, only released using blockchain.

The authors of amendments to the Tax Code propose to supplement it with articles No. 154 and 155, in which the tax base is called the cost of a digital asset, Property rights to which are transferred during the transaction. The financial outcome is considered under the date of payment of income. The tax base can be reduced - if the operation with the Tsfa has brought a loss.

Income tax and VAT, If the law is adopted, "Information services operators" will have to pay, That is, the site for "release of digital assets", as well as "Services of operators for the exchange of Tsfa".

Russian operators will have to pay 13% income tax, And registered outside the country - 15 %. Russian companies also have a standard rule - if the tax base is greater 5 million rubles per year - the rate is increasing to 15 % For the amount from above 5 million.

According to the bill, It is proposed to exempt operations on the implementation of digital financial assets in Russia from paying for VAT., as well as some of the services of information systems operators, related to the release and appeal.

If the law comes into force this year, All operators will be required until February 2023 to submit to the tax not only a full report on transactions, but also information about legal and individuals, participating in these transactions.

In mid -March 2022 of the year, The Bank of Russia included Sberbank in the register of operators of information systems for the management of the CF. In fact, legal entities are given the opportunity to issue digital financial assets on the Sberbank blockchain platform, as well as the commission provided for by the law of transactions. Simultaneously, Against the background of the growth of investment of citizens in cryptocurrencies, The Bank of Russia continues to insist on the dangers of this form of assets.