Tax RF proposed to allow Russian companies to make payments in crypto-currencies

The Federal Tax Service (FTS) of the Russian Federation proposed to the Ministry of Finance to allow Russian companies to pay for export-import transactions in cryptocurrencies. They write about it “News”.

The Federal Tax Service outlined the initiative in comments to bill “On digital currency”. Despite many disagreements on the regulation of cryptocurrencies, the Ministry of Finance and the Central Bank are in solidarity that they cannot be used as a means of calculation.

The Federal Tax Service proposes to make an exception for business and supplement the draft law with the following provision:

“Legal entities are allowed to pay for goods, works, services under foreign trade agreements and receive proceeds from foreign entities in digital currency.”

The purchase and sale of cryptocurrencies for rubles should be carried out only through exchanges, the Federal Tax Service emphasized.

See Also: These 9 S&P 500 Companies Will Accept Bitcoin in 2022

The Ministry of Finance partially supported the initiative, noting that it requires further discussion.

idea use cryptocurrencies in settlements with African countries voiced in the Chamber of Commerce and Industry of the Russian Federation.

Recall that the bill “On digital currency” provides conducting operations with crypto-currencies through Russian banks, identifying holders of crypto-wallets and separating investors by qualifications.

In April, the Ministry of Finance changed terminology document.