Russia’s Ministry of Finance introduced a draft amendment on Monday proposing a 15% tax on crypto earnings.
The changes, reported by Interfax, would restructure crypto mining taxation, affecting income, expenses, and infrastructure.
Cryptocurrencies would be classified as property for tax purposes, and VAT on crypto transactions would be eliminated.
Instead, crypto transactions would be taxed like securities.
The new rules would also require mining operators to report to tax authorities on individuals using their facilities for mining.
Additionally, the Federal Tax Service (FNS) has proposed taxing crypto miners on unrealized gains, meaning miners could face taxes on coins they haven’t sold.
