Russian Tax Service dealing with tax base erosion caused by cryptocurrencies - Aliens: AI Crypto News & Markets Updates

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Russian Tax Service dealing with tax base erosion caused by cryptocurrencies

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Aliens

Mon, Nov 22, 2021

Head of the Russian Federal Tax Service, Daniil Egorov, said in an RBC interview that they are closely dealing with tax issues in the crypto market. According to the official, this system of settlements may cause considerable erosion to the tax base.

Egorov added that technology and anonymization are also being used by non-compliant service providers to evade taxes.

Source: Tass

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