Cryptovalum taxation bill, the amendments to which were supposed to enter the State District in March, stuck in coordination. The Ministry of Finance and the Central Bank argued about the disclosure of the banking secrets of Russians. This is reported by Interfax with reference to the source.
departments cannot agree on the admission of tax authorities to citizens bank accounts. The Bank of Russia opposes the empowerment of the tax authorities to unhindered to request information about operations with digital currency in Russian accounts.
The Ministry of Finance speaks for admission, as this will avoid tax evasion, and banks and individuals will not be overloaded with tax audits.
Earlier, the Russian government introduced a bill to the State Duma, which equates cryptocurrency to property. The explanatory note states that cryptocurrency is often used in order to evade tax payments, for the legalization of funds produced by criminal, and financing unlawful activities, “and tax services cannot monitor cryptocurrency wallets and operations in them.
In the perspective of operations and the remainder on the cryptococherrel will need to be reported to the tax. Compulsory declaration will be subject to operations with digital currency in the amount of more than 600 thousand rubles per year.