Legal regulation of cryptocurrencies

Clients also ask:

In more uncomplicated terms, an interim manager is a highly experienced and specialized manager whom you can employ for a short time to solve a specific business problem. He or she is a master project manager who will not only give you advice but also 

Company Formation in Russia

An Interim is hired to do the best for the business with no disguised agenda. Interim Managers carry customized models/project management frameworks that are tailored to individual business needs. Interim Managers offer cost-effective solutions and usually at half the day rate of traditional consulting houses.

Open a company in Russia with

Tax namePercent %Date:
Corporate Tax Rate20.00Dec 2021
Personal Income Tax Rate13.00Dec 2021
Sales Tax Rate20.00Dec 2021
Social Security Rate30.00Dec 2021
Social Security Rate For Companies30.00Dec 2021
Social Security Rate For Employees0.00Dec 2021

10 Steps to Open a Company in Russia – read more in Articles

An interim CEO is an individual selected by a company’s board of directors to take the role of the chief executive officer during a time of transition or as the effect of the sudden release of the company’s previous CEO

How to start a business in Russia – read more in Articles

In Russia, it is planned to adopt a law regulating the possession and use of cryptocurrencies, as well as the specifics of its tax regulation and judicial protection.

At the moment, the sale and purchase of goods using digital currency is prohibited on the territory of Russia. Buying and selling cryptocurrencies is not prohibited as an investment.

In order to counteract the legalization (laundering) of proceeds from crime, cryptocurrency is recognized as property, in accordance with applicable laws. However, for tax purposes, cryptocurrency transactions are not subject to regulation at the moment.

Therefore, this year it is planned to adopt relevant laws regulating the turnover and taxation of cryptocurrencies. The bill provides for the recognition of cryptocurrencies as property for tax purposes, mandatory declaration of transactions with digital currencies, provision of information by taxpayers to the tax authorities about cryptocurrencies, the procedure for reporting transactions with cryptocurrencies and liability for failure to provide such information.

Thus, the controversial points of taxation of the digital currency will be legally regulated. This legal regulation will provide a clear and transparent status for cryptocurrencies. It is planned to introduce such concepts as digital rights and digital money into the Civil Code. These innovations will attract additional investments to the industry.

Related: Open a llc company in Russia

Get help starting your business.

You may also like

Related searches:

Services of Russian lawyers in Russia and UAE