Innovations in taxation of transactions on purchase and sale of foreign currency

The Vedomosti newspaper published the comment of the Taxadvisor managing partner Dmitry Kostalgin on taxation of currency purchase and sale transactions.

Taxpayers were stirred by the news that the Ministry of Finance of the Russian Federation proposes apply income tax to such operations. According to Dmitry, personal income tax is to be paid from such income in compliance with the Tax Code.

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