🤖AI Summary
Russia's Federal Tax Service expects to collect approximately $7 million (567 million rubles) in cryptocurrency mining taxes for 2025, significantly below earlier projections of 6 billion rubles. The revenue will be split between personal income tax (84 million rubles) and corporate tax (483 million rubles).
Key Takeaways
- →Russia will collect $7 million in crypto mining taxes for 2025, far below initial 6 billion ruble projections.
- →Tax revenue will be split between 84 million rubles in personal income tax and 483 million rubles in corporate tax.
- →The actual tax collection is approximately 90% lower than originally estimated by authorities.
- →This suggests Russia's crypto mining industry may be smaller than initially projected or facing compliance challenges.
Read Original →via Blockonomi
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