{"id":452017,"date":"2022-05-24T15:10:04","date_gmt":"2022-05-24T12:10:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russias-updated-crypto-mining-bill-cuts-tax-amnesty-for-bitcoin-miners\/"},"modified":"2022-05-24T15:10:04","modified_gmt":"2022-05-24T12:10:04","slug":"russias-updated-crypto-mining-bill-cuts-tax-amnesty-for-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russias-updated-crypto-mining-bill-cuts-tax-amnesty-for-bitcoin-miners\/","title":{"rendered":"# Russia&#8217;s updated crypto mining bill cuts tax amnesty for Bitcoin miners"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4170f55291f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4170f55291f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russias-updated-crypto-mining-bill-cuts-tax-amnesty-for-bitcoin-miners\/#%E2%80%9D_Russias_updated_crypto_mining_bill_cuts_tax_amnesty_for_Bitcoin_miners_%E2%80%9C\" >&#8221; Russia&#8217;s updated crypto mining bill cuts tax amnesty for Bitcoin miners  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Russias_updated_crypto_mining_bill_cuts_tax_amnesty_for_Bitcoin_miners_%E2%80%9C\"><\/span>&#8221; Russia&#8217;s updated crypto mining bill cuts tax amnesty for Bitcoin miners  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzZjZjdiZjEtNDU2Ni00MTdhLTg5MzktYTRhNTc3NzRjYjhiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax amnesty for all those who&#8217;ve registered. As the reasoning goes, the previous draft would lead to federal budget losses.\u00a0<\/p>\n<p>The fresh draft of the law \u201cOn mining in Russian Federation,\u201d dating to May 20, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sozd.duma.gov.ru\/bill\/127303-8\">appeared<\/a> in the database of the lower chamber of the Russian parliament, the State Duma. The document bears several significant changes from the past version, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sozd.duma.gov.ru\/bill\/116366-8#bh_histras\">presented<\/a> by co-sponsors on April 29. <\/p>\n<p>While the text remains unchanged in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>, the new draft lacks the sub-section about a registry of mining operators, which companies would have to join in order to continue their work. In the latest version, to start mining, crypto mining firms should register as a sole proprietor or self-employed. The companies would follow a standard procedure for corporate registration. <\/p>\n<p><strong><em>Related: Russia to include crypto into its tax code: Here is what the rules might look like<\/em><\/strong><\/p>\n<p>Another correction swept away the promise of tax amnesty during the first year of registration. The grace period was going to be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lied to the customs clearing of mining hardware, all profits made before the passing of the law and the possible violations of strict limits of money transfers abroad that were adopted by the Russian government on March 8. As cited by local <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>, in its review of the draft, the legal department of Duma <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forklog.com\/v-gosdumu-vnesli-novyj-zakonoproekt-o-majninge-v-rf\/\">criticized<\/a> the initiatives of registry and tax amnesty, stating that they could \u201cpossibly incur costs on the federal budget.\u201d<\/p>\n<p>On April 7, the head of the State Duma\u2019s financial markets committee, Anatoly Aksakov, revealed that the amendments to the federal tax code regarding crypto are expected to pass by the end of the summer parliamentary session. It is unknown if they would include any specifications regarding mining.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/russia-s-updated-crypto-mining-bill-cuts-tax-amnesty-for-bitcoin-miners\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Russia&#8217;s updated crypto mining bill cuts tax amnesty for Bitcoin miners &#8220; In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax amnesty for all those who&#8217;ve&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzZjZjdiZjEtNDU2Ni00MTdhLTg5MzktYTRhNTc3NzRjYjhiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75042,117,70934,4975],"class_list":["post-452017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-mining","tag-business","tag-regulation","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452017"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452018"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}