In Russia, the Federal Tax Service presented in the taxpayer's personal account, an online reporting function for miners about the cryptocurrency they received.
According to the department’s employees, taxpayers can gain access to the new functionality using a qualified electronic signature.
In order to submit information about digital assets obtained through mining, you need to fill out a special form in your personal account for individuals in the “mining” section, and for legal entities - “digital currency mining”.
According to the published requirements, the new reporting form must be submitted no later than the 20th day of the month following the month in which the digital assets were received.
Let us recall that on November 1, 2024, the provisions of the law "On digital financial assets" came into force in Russia. All legal entities and individual entrepreneurs engaged in cryptocurrency mining are required to register in a special register of the Federal Tax Service in order not to violate the requirements of the law.
Individuals do not have to do this if they are engaged in cryptocurrency mining, using electricity no more than 6 thousand kWh per month. If the established limit for electricity is exceeded, then the individual is obliged to register in the register of miners.
