Taxation of digital financial assets in the context of classical rules of taxation

Subject. The existing mechanisms of taxation of transactions with crypto assets on the territory of the Russian Federation are analyzed in the article. The choice of the research object is due to the increasing role of crypto assets in the modern Russian economy, as well as the necessity to propose...

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Main Authors: K. A. Ponomareva, A. O. Simonov
Format: Article
Language:Russian
Published: Dostoevsky Omsk State University 2024-01-01
Series:Правоприменение
Subjects:
Online Access:https://enforcement.omsu.ru/jour/article/view/848
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author K. A. Ponomareva
A. O. Simonov
author_facet K. A. Ponomareva
A. O. Simonov
author_sort K. A. Ponomareva
collection DOAJ
description Subject. The existing mechanisms of taxation of transactions with crypto assets on the territory of the Russian Federation are analyzed in the article. The choice of the research object is due to the increasing role of crypto assets in the modern Russian economy, as well as the necessity to propose new mechanisms to ensure the tax security of the state in the face of new challenges.The purpose of the study. The existing mechanisms of taxation of transactions related to the use and turnover of crypto assets in Russia are considered. Authors analyze both the main problems faced by individuals and legal entities operating with cryptocurrencies. The analysis of the current legislation is provided, possible ways to improve the legislation are suggested.Methodology. In the course of their work, the researchers were guided by philological and systematic ways of interpreting current legal norms, as well as existing explanations of financial authorities related to current approaches to taxation of transactions with crypto assets.Conclusions. It is concluded that the approaches proposed by the legislator to taxation of transactions with crypto assets are similar to the mechanisms that apply to traditional financial instruments, but at the same time, assets that are not similar to traditional ones remain outside the regulation.
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institution Kabale University
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2658-4050
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publishDate 2024-01-01
publisher Dostoevsky Omsk State University
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series Правоприменение
spelling doaj-art-04466f8909e44cd2afe9dbc2da0cf3c22025-08-20T03:35:34ZrusDostoevsky Omsk State UniversityПравоприменение2542-15142658-40502024-01-0174354410.52468/2542-1514.2023.7(4).35-44486Taxation of digital financial assets in the context of classical rules of taxationK. A. Ponomareva0A. O. Simonov1Financial Research Institute of the Ministry of Finance of the Russian FederationFinancial Research Institute of the Ministry of Finance of the Russian Federation; HSE UniversitySubject. The existing mechanisms of taxation of transactions with crypto assets on the territory of the Russian Federation are analyzed in the article. The choice of the research object is due to the increasing role of crypto assets in the modern Russian economy, as well as the necessity to propose new mechanisms to ensure the tax security of the state in the face of new challenges.The purpose of the study. The existing mechanisms of taxation of transactions related to the use and turnover of crypto assets in Russia are considered. Authors analyze both the main problems faced by individuals and legal entities operating with cryptocurrencies. The analysis of the current legislation is provided, possible ways to improve the legislation are suggested.Methodology. In the course of their work, the researchers were guided by philological and systematic ways of interpreting current legal norms, as well as existing explanations of financial authorities related to current approaches to taxation of transactions with crypto assets.Conclusions. It is concluded that the approaches proposed by the legislator to taxation of transactions with crypto assets are similar to the mechanisms that apply to traditional financial instruments, but at the same time, assets that are not similar to traditional ones remain outside the regulation.https://enforcement.omsu.ru/jour/article/view/848tax lawtax securitycrypto assetdigital financial assetdigital economypersonal income taxcorporate income taxvalue added tax
spellingShingle K. A. Ponomareva
A. O. Simonov
Taxation of digital financial assets in the context of classical rules of taxation
Правоприменение
tax law
tax security
crypto asset
digital financial asset
digital economy
personal income tax
corporate income tax
value added tax
title Taxation of digital financial assets in the context of classical rules of taxation
title_full Taxation of digital financial assets in the context of classical rules of taxation
title_fullStr Taxation of digital financial assets in the context of classical rules of taxation
title_full_unstemmed Taxation of digital financial assets in the context of classical rules of taxation
title_short Taxation of digital financial assets in the context of classical rules of taxation
title_sort taxation of digital financial assets in the context of classical rules of taxation
topic tax law
tax security
crypto asset
digital financial asset
digital economy
personal income tax
corporate income tax
value added tax
url https://enforcement.omsu.ru/jour/article/view/848
work_keys_str_mv AT kaponomareva taxationofdigitalfinancialassetsinthecontextofclassicalrulesoftaxation
AT aosimonov taxationofdigitalfinancialassetsinthecontextofclassicalrulesoftaxation