The Ministry of Finance of Russia has prepared a draft law that determines the specifics of taxation of miners. About this ministry reported on your Telegram channel.
“The Ministry of Finance… has prepared a draft law defining the specifics of taxation of individual entrepreneurs engaged in craft activities. So, when buying precious metal from a miner, it is assumed that the buyer, who in this case is recognized as a tax agent, will calculate and pay VAT to the budget, ”writes from the post.
The Ministry of Finance announced that the miner’s income from the sale of gold will be exempt from personal income tax if the amount of metal mined does not exceed 1 kg per year. If this amount is exceeded, taxation will be made according to the generally determined procedure.
The document, developed in connection with the adoption of the Federal Law “On Mineral Exploration Activities”, was approved today at a meeting of the Russian government.
At the end of November, the Ministry of Finance developed Changes in tax legislation to adapt to the LPR, DPR, Zaporozhye and Kherson regions that have become part of Russia. According to the bill, local businesses will start paying mining extraction tax (MET) for activities that can be licensed under Ukrainian law. For entrepreneurs, a delay is provided for the transition to cash registers (online cash registers) and preferential rates when choosing special tax regimes.