Cryptopolitan
2022-06-29 09:24:57

Russia goes easy on crypto tax as sanctions heat up

On June 28, members of Russia’s parliament approved a crypto-friendly draft bill. Should it become law, Russia will exempt crypto-asset issuers from value-added tax (VAT). The current tax rate for firms engaging in deals involving virtual currencies is 20%. Sanctions from the west have continued to ravage Russia since the Ukraine invasion. Financial limitations are...

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