The tax service in Russia helps miners calculate their taxes with cryptocurrency price quotes
The Russian tax agency is now publishing market information for various cryptocurrencies on its website to assist bitcoin miners in determining their tax obligations.
Market data can be found on a separate page alongside detailed information regarding income and profit taxes derived from cryptocurrency mining activities in the country.
The Russian tax authority assists cryptocurrency miners with market information
The Federal Tax Service of the Russian Federation (FNS) has provided a new section on its website designed to help cryptocurrency miners correctly file their tax declarations.
The page is dedicated to useful information for those engaged in cryptocurrency mining, including guidelines on how to register as a miner and submit a tax return.
A special feature allows taxpayers from the industry to obtain quotes for dozens of cryptocurrencies, including bitcoin (BTC) and Doge.
The data is sourced from a number of cryptocurrency exchanges, including Binance, the world's leading trading platform for digital assets by daily trading volume, and BYBIT and OKX.
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