... cryptocurrency transactions to encompass a larger number of taxpayers dealing with digital assets. As interest in these assets grows among investors, the government aims to ensure that cryptocurrency holders do not evade taxation. According to the Russian Tax Code, which came into effect in January 2021, cryptocurrency holders are subject to taxation if they conduct transactions totaling more than 600,000 rubles per year (approximately $8,000). The rise in Bitcoin prices may trigger growth in the shadow ...

... by the "Russian Newspaper." According to Alexander Kotov, head of consulting at NEFT Research, an increase in fuel prices is inevitable in both wholesale and retail segments in 2025. The main reason for this will be the next rise in the tax burden, in the form of higher fuel excise duties. Naturally, this will be reflected in the cost of the fuel produced, and ultimately, the consumer will pay for it. Not only drivers but also ordinary citizens will bear the cost when buying any goods,...

... purchasing property specifically for this purpose. The owner cannot claim a place in schools, kindergartens, etc. However, a temporary registration can be obtained. It is also important to note that the owner will be liable for utility payments and property taxes, as applicable for non-residential properties. Rates are significantly higher than for traditional apartments. The purchaser cannot claim a tax deduction as provided by law for traditional housing. Even if the unit is the owner’s only residence,...

... start with minimal amounts, as low as $20 or $50. However, in such cases, one should not expect massive profits. Location. Income can be generated from anywhere in the world. There is no need to tie yourself to a specific location or country. Anonymity. Tax authorities often cannot track the actual profits earned online. Essentially, individuals can save on tax payments. Earnings can be made in electronic currencies, which are typically inaccessible to tax authorities and other entities. No need for ...

... or funds that you may need in the near future. Use only the money you can afford to lose. Maintain diversification Diversification is one of the key principles of risk management. Include several different types of assets in your portfolio. Monitor taxes In Russia, there is a tax on investment income, so it is important to take into account tax liabilities. You can also take advantage of a tax deduction through an IIS (individual investment account). Don’t panic when the market falls The stock ...