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TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA. / KOCHERGIN, Dmitry ; POKROVSKAIA, Natalia ; DOSTOV, Victor ; SHUST, Pavel .

36th IBIMA Conference: 4-5 November 2020, Granada, Spain. IBIMA, 2020. стр. 8514-8526 (IBIMA Business Review).

Результаты исследований: Публикации в книгах, отчётах, сборниках, трудах конференцийстатья в сборнике материалов конференции

Harvard

KOCHERGIN, D, POKROVSKAIA, N, DOSTOV, V & SHUST, P 2020, TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA. в 36th IBIMA Conference: 4-5 November 2020, Granada, Spain. IBIMA Business Review, IBIMA, стр. 8514-8526, 36th IBIMA Conference, Granada, Испания, 4/11/20.

APA

KOCHERGIN, D., POKROVSKAIA, N., DOSTOV, V., & SHUST, P. (2020). TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA. в 36th IBIMA Conference: 4-5 November 2020, Granada, Spain (стр. 8514-8526). (IBIMA Business Review). IBIMA.

Vancouver

KOCHERGIN D, POKROVSKAIA N, DOSTOV V, SHUST P. TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA. в 36th IBIMA Conference: 4-5 November 2020, Granada, Spain. IBIMA. 2020. стр. 8514-8526. (IBIMA Business Review).

Author

KOCHERGIN, Dmitry ; POKROVSKAIA, Natalia ; DOSTOV, Victor ; SHUST, Pavel . / TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA. 36th IBIMA Conference: 4-5 November 2020, Granada, Spain. IBIMA, 2020. стр. 8514-8526 (IBIMA Business Review).

BibTeX

@inproceedings{626a45405c4448febbbf205d70476542,
title = "TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA",
abstract = "The paper explores tax regulation of virtual currencies (cryptocurrencies) as a new class of financial assets. The relevance of the topic is due to the wide development in the world of virtual currencies operations in the absence of a unified the interpretation of virtual currencies and in the absence generally accepted of the regulation of digital financial assets. The research is aiming to identify the economic and legal interpretations of virtual currency and determine taxation of virtual currencies in foreign countries and drafting recommendations on taxation of cryptocurrencies transactions in Russia. Based on the study of tax regulation of virtual currencies in Singapore, UK, USA and Japan defined interpretations of cryptocurrencies and disclosed their tax consequences. The study did not establish correlation between taxation of virtual currencies and regulation of virtual currencies in the monetary and payment systems. In most countries virtual currencies-related incomes are taxable by corporate taxes and the burden of taxation is defined by national approach to corporate taxation. The authors conclude that in Russia implementation of best global practices shall be complemented by considerations of domestic direct and indirect taxation specifics. The paper suggests that cryptocurrencies related incomes are subject to corporate income tax but exempted from personal income tax. Virtual currencies-related transactions should be exempted from VAT but without necessarily recognizing cryptocurrencies as official mean of payment.",
author = "Dmitry KOCHERGIN and Natalia POKROVSKAIA and Victor DOSTOV and Pavel SHUST",
year = "2020",
month = nov,
language = "English",
isbn = "978-0-9998551-5-7",
series = "IBIMA Business Review",
publisher = "IBIMA",
pages = "8514--8526",
booktitle = "36th IBIMA Conference: 4-5 November 2020, Granada, Spain",
address = "United States",
note = "36th IBIMA Conference ; Conference date: 04-11-2020 Through 05-11-2020",
url = "https://ibima.org/conference/36th-ibima-conference/",

}

RIS

TY - GEN

T1 - TAX REGULATION OF VIRTUAL CURRENCIES IN DEVELOPED COUNTRIES AND RUSSIA

AU - KOCHERGIN, Dmitry

AU - POKROVSKAIA, Natalia

AU - DOSTOV, Victor

AU - SHUST, Pavel

PY - 2020/11

Y1 - 2020/11

N2 - The paper explores tax regulation of virtual currencies (cryptocurrencies) as a new class of financial assets. The relevance of the topic is due to the wide development in the world of virtual currencies operations in the absence of a unified the interpretation of virtual currencies and in the absence generally accepted of the regulation of digital financial assets. The research is aiming to identify the economic and legal interpretations of virtual currency and determine taxation of virtual currencies in foreign countries and drafting recommendations on taxation of cryptocurrencies transactions in Russia. Based on the study of tax regulation of virtual currencies in Singapore, UK, USA and Japan defined interpretations of cryptocurrencies and disclosed their tax consequences. The study did not establish correlation between taxation of virtual currencies and regulation of virtual currencies in the monetary and payment systems. In most countries virtual currencies-related incomes are taxable by corporate taxes and the burden of taxation is defined by national approach to corporate taxation. The authors conclude that in Russia implementation of best global practices shall be complemented by considerations of domestic direct and indirect taxation specifics. The paper suggests that cryptocurrencies related incomes are subject to corporate income tax but exempted from personal income tax. Virtual currencies-related transactions should be exempted from VAT but without necessarily recognizing cryptocurrencies as official mean of payment.

AB - The paper explores tax regulation of virtual currencies (cryptocurrencies) as a new class of financial assets. The relevance of the topic is due to the wide development in the world of virtual currencies operations in the absence of a unified the interpretation of virtual currencies and in the absence generally accepted of the regulation of digital financial assets. The research is aiming to identify the economic and legal interpretations of virtual currency and determine taxation of virtual currencies in foreign countries and drafting recommendations on taxation of cryptocurrencies transactions in Russia. Based on the study of tax regulation of virtual currencies in Singapore, UK, USA and Japan defined interpretations of cryptocurrencies and disclosed their tax consequences. The study did not establish correlation between taxation of virtual currencies and regulation of virtual currencies in the monetary and payment systems. In most countries virtual currencies-related incomes are taxable by corporate taxes and the burden of taxation is defined by national approach to corporate taxation. The authors conclude that in Russia implementation of best global practices shall be complemented by considerations of domestic direct and indirect taxation specifics. The paper suggests that cryptocurrencies related incomes are subject to corporate income tax but exempted from personal income tax. Virtual currencies-related transactions should be exempted from VAT but without necessarily recognizing cryptocurrencies as official mean of payment.

UR - https://ibima.org/accepted-paper/tax-regulation-of-virtual-currencies-in-developed-countries-and-russia/

M3 - Conference contribution

SN - 978-0-9998551-5-7

T3 - IBIMA Business Review

SP - 8514

EP - 8526

BT - 36th IBIMA Conference: 4-5 November 2020, Granada, Spain

PB - IBIMA

T2 - 36th IBIMA Conference

Y2 - 4 November 2020 through 5 November 2020

ER -

ID: 87596784