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Dmitry Bashinsky2021-05-16 19:11:51
Law in IT
Dmitry Bashinsky, 2021-05-16 19:11:51

How to pay taxes on cryptocurrencies?

Hello, I provide services for IT issues and software development, after my services, I was paid a good amount in cryptocurrency. The question is: Can I take this money to my card without fear? Perhaps you need to get them on fop? If financial monitoring asks where the money comes from, will they have enough answer "for my IT services". We have no contracts, I would like to just pay taxes and calmly manage my money.

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4 answer(s)
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Vasily Bannikov, 2021-05-16
@vabka

You can own and trade cryptocurrencies. (in most countries, including the Russian Federation)
The crypt itself is not money, so as long as you do not sell it, there is no need to pay tax.
When you sell, pay income tax.
Since you did not indicate in which country you are and what tax regime you have, it is impossible to say specifically.

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CityCat4, 2021-05-16
@CityCat4

In the Russian Federation, the crypt is not a means of payment, it is property. Like a table or chair. Therefore, from the point of view of the tax, there was no sale and purchase transaction, there was an exchange transaction - you changed your services for a certain number of "chairs". You can read about whether an exchange transaction is taxed. That's when you start selling the crypt in order to turn it into money - then the questions will begin with the tax and financial monitoring and other authorities ...
(Moreover, if financial monitoring is interested in "where the firewood comes from", then the competent authorities, who are well aware , who and for what pays with the crypt - they will immediately ask for what kind of services it was kicked off to you :)

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Evgeny Golubev, 2021-06-14
@bestowhope

As you have already been told above, the crypt is not money, at least in the Russian Federation. Wangyu which is similar in Ukraine.
You sell crypto, you make a profit, you pay income tax.

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