Topic: Russia intends to tax cryptocurrency transactions - page 2. (Read 221 times)
Transaction between two personal are not violate the law. And i think Government cannot tax cryptocurrencies transactions because it's private transaction. We've paid fee on exchange already, and Government should tax only that Exchanges.
Russia is a country that wants to have a lot of money and to make restrictions everywhere it is possible. People that sit on the Russian government do not seem to have an idea of making taxes for cryptocurrency I guess. It seems so weird.
In my opinion taxes on crypto are ridiculous. Governments hate crypto enough spread so much FUD, even pay people to make FUD videos, but they still want to claim taxes. If they think crypto is worthless and the true price is 0 then the taxes should be 0 too.
They want to bite their own ass.May be in a few years when they finally understood what crypto is, they can to do something. But anyway not now... and not in a 1-2 year.
If they cannot do something about crypto, they will most likely just tax it. That way, they can get some government money from investors or traders income. Most likely this will happen around the world once cryptocurrency is widely adapted. So, we shouldn't be shocked if one day cryptocurrency income will have an income tax.
In my opinion taxes on crypto are ridiculous. Governments hate crypto enough spread so much FUD, even pay people to make FUD videos, but they still want to claim taxes. If they think crypto is worthless and the true price is 0 then the taxes should be 0 too.
I think that many countries of the world will follow this path and the crypto currency will be taxed along with other commercial activities. Whether it is true or not is a controversial issue. Many miners are very upset with this news.
for the world of cryptographic currencies this is in fact a normal situation. they will do the same in other governments in the coming years. this situation strengthens the crypto money world.
Russia here is trying to bring back the centralization system and implement it on these decentralized cryptocurrencies which will just diminish the complete goal of the entire existence of cryptocurrencies. It might bring some positive effects like decline the use of cryptocurrencies in illegal activities but still, there are chances the government might start to give out more rules for completely controlling the cryptocurrencies and just change the official banks physical appearance and give it a new BLOCK CHAIN technology look. Same system with just a new look.
Well duuuh, of course this is normal. 
Crypto currencies are meant to be created as a decentralised currency where there'll be no third party intervention. If tax being imposed to it, won't the feature of it loose its value?
How it will influence the market ?
This is all normal.On the end everybody will tax crypto in their countries one day.For now its still good but tax day is close
Its not a big deal 13%
Its not a big deal 13%
Russia plans to tax cryptocurrency transactions in the near future.
The State Duma and the Ministry of Finance are preparing to introduce the legislation according to the publication Kommersant.
Miners will be considered entrepreneurs, and they will have to keep records, and pay taxes/fees. Cryptocurrency transactions themselves will not be taxed unless the transaction "brings the individual financial benefits."
Lawmakers intend to set the tax rate on cryptocurrencies to 13%.
But, according to experts it will not be implemented immediately. For example, taxation does not yet know how it will identify miners and investors of cryptocurrency.
"The FTS simply does not have any experience in this area, nor understanding of how cryptocurrency exchanges operate. In addition, state regulation runs counter to the principles of anonymity and independence regarding the functioning of electronic currency," according to a letter from the Ministry of Finance addressing cryptocurrency dated October 13, 2017.
The State Duma and the Ministry of Finance are preparing to introduce the legislation according to the publication Kommersant.
Miners will be considered entrepreneurs, and they will have to keep records, and pay taxes/fees. Cryptocurrency transactions themselves will not be taxed unless the transaction "brings the individual financial benefits."
Lawmakers intend to set the tax rate on cryptocurrencies to 13%.
But, according to experts it will not be implemented immediately. For example, taxation does not yet know how it will identify miners and investors of cryptocurrency.
"The FTS simply does not have any experience in this area, nor understanding of how cryptocurrency exchanges operate. In addition, state regulation runs counter to the principles of anonymity and independence regarding the functioning of electronic currency," according to a letter from the Ministry of Finance addressing cryptocurrency dated October 13, 2017.
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