Publications / 9.04.2021

Russians start declaring income from digital currency sales / Comment / Izvestia.Ru 

In recent months, Russians have been actively bringing their income from cryptocurrency transactions out of the shadows and declaring it to pay personal income tax. Leading consulting and law firms such as KPMG, PwC, FTL Advisers and Borenius have noted a surge of interest in “whitening” the income. The Center for Strategic Research (CSR) also reported precedents of voluntary transfer of information about crypto assets.

Andrei Gusev, Managing Partner at Borenius Russia, commented to Izvestia newspaper on why it is better to declare cryptocurrency voluntarily in advance.

Read the full article (in Russian)

Share on LinkedInTweet about this on TwitterShare on Facebook

Additional information