Russians Owe 13% Tax on Their Crypto Incomes

[Kargai]

After Thaïland few hours ago it's now the turn of Russia to start taxing crypto investors. The plan is to tax them around 13% of all their incomes in cryptos.

The official law will be publish before the end of the year and the 13% could change before that but the officials said that even without this legal and definitive law, people who don't report their gains from dealings with cryptocurrencies can be prosecute.

Until the officials texts are made, Russian citizens are required to report crypto income on their tax returns and pay the regular income tax which has a flat rate of 13 percent.

Source : https://news.bitcoin.com/russians-owe-13-tax-on-their-crypto-incomes/

[xtinepink]

I wonder when will Philippines do that? lol

I just felt this is not yet coming to Philippines this year as I believe that majority of the people still do not know about cryptos.