Editor's PiCK
Putin, Explanation of the Draft Law on Virtual Assets and Asset Recognition
Summary
- President Vladimir Putin of Russia announced a draft law recognizing virtual assets as assets.
- This draft law imposes a 13% tax on income exceeding 2.4 million rubles and a 15% tax on income exceeding this amount.
- The taxation on virtual asset income is explained to be considered under the same standard as securities, bank deposits, and other sources.
Russian President Putin has announced a draft law recognizing virtual assets (de-anonymization) as assets. According to TASS, Russia's state news agency, on the 28th (local time), President Vladimir Putin of Russia recognized virtual assets as assets and explained the draft law detailing virtual assets. Russia's virtual asset tax law imposes a 13% tax on income exceeding 2.4 million rubles (approximately 31.05 million won) and a 15% tax on income exceeding this amount. It is explained that the same tax standard applies to income from securities, bank deposits, and other sources. In the case of legal entities, the virtual asset tax is expected to be taxed at the standard tax rate (25%). However, VAT is not applied to the holding and sale of virtual assets.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
