{"id":57193,"date":"2022-02-04T17:12:45","date_gmt":"2022-02-04T15:12:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57193"},"modified":"2025-09-04T10:26:21","modified_gmt":"2025-09-04T07:26:21","slug":"duma-sets-minimum-tax-rates-for-miners","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/duma-sets-minimum-tax-rates-for-miners\/","title":{"rendered":"Duma sets minimum tax rates for miners"},"content":{"rendered":"

The income tax on withdrawals of cryptocurrency by miners into the traditional financial system cannot be less than 15%. This was \u0437\u0430\u044f\u0432\u0438\u043b<\/a> Vladimir Gutenev, head of the Duma’s Industry Committee, according to Finmarket.<\/p>\n

Meanwhile, he said, the minimum profit tax rate for companies or individual entrepreneurs who mine cryptocurrencies as a business should be not less than 6%.<\/p>\n

\n

\u00abWhen mined cryptocurrency transitions to the status of a security, tax on income must be paid for it. It probably should not be less than 15%. The tax on mining itself cannot be less than 6%\u00bb, \u2014 said Gutenev.<\/p>\n<\/blockquote>\n

He clarified that such calculations should apply provided that the status of cryptocurrencies is equated to securities.<\/p>\n

In January, the Bank of Russia proposed to ban mining<\/a> on the territory of the country. As one of the arguments for such a decision, the regulator cited the high load on power grids.<\/p>\n

To combat illegal miners, the Association of Russian power engineers proposed to indicate the purposes of electricity use<\/a>, and providers to furnish networks with information on miners’ IP addresses.<\/p>\n

In the Chamber of Commerce and Industry, it was proposed to equate cryptocurrency mining to entrepreneurial activity<\/a>.<\/p>\n

According to a Cambridge Centre for Alternative Finance study from October 2021, the cumulative mining capacity in Russia accounts for 11% of the global hash rate. The United States leads with 35.4%, with Kazakhstan second at 18.1%.<\/p>\n

Follow ForkLog’s bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Income tax on withdrawals of mined cryptocurrency into the traditional financial system cannot be less than 15%.<\/p>\n","protected":false},"author":1,"featured_media":57194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1451,1137,558],"class_list":["post-57193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia","tag-cryptocurrency-mining","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57193"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57193\/revisions"}],"predecessor-version":[{"id":57195,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57193\/revisions\/57195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57194"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}