In the Russian Federation, a 13-15 tax will be imposed on income from transactions with cryptocurrency%

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The Ministry of Finance of the Russian Federation has prepared amendments to the draft law on taxation of individuals when selling digital currency. This is reported by Interfax.

The Agency proposes to combine into a single tax base income from transactions with cryptocurrency, such as the sale of shares, bonds and investment loans, income from REPO transactions with securities, income from securities transactions on IC and deposits in banks of the Russian Federation.

So, personal income tax on the sale of cryptocurrencies will amount to 13% if the income of an individual in all these databases does not exceed 2.4 million rubles per year. In case of excess income, personal income tax will amount to 15% of the excess amount +312 thousand rubles, where 312 thousand is 13% of 2.4 million rubles.