title: Research of the effectiveness of the system of legal regulation of tax relations for operations with cryptocurrency currently in force
metadata.name: dc.contributor.author
metadata.value: Egorova, Maria A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Grib, Vladislav V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Efimova, Liudmila G.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Kozhevina, Olga V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Slepak, Vitalii Yu.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-10-30T14:22:42Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-10-30T14:22:42Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2023-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Egorova, Maria A., Vladislav V. Grib, Liudmila G. Efimova, Olga V. Kozhevina, Vitalii Yu. Slepak. 2023. “Research of the effectiveness of the system of legal regulation of tax relations for operations with cryptocurrency currently in force”. Vestnik of Saint Petersburg University. Law 3: 564– 579. https://doi.org/10.21638/spbu14.2023.301
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2023.301
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/44300
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article deals with the national practicies of direct and indirect taxation of income from
  cryptoassets in some countries of the world, including Russia, France, Italy, USA, Great
  Britain, etc. The authors study various approaches to the concept of cryptocurrency for the
  purposes of fiscal management: macroeconomic, cost, accounting, legal and institutional approaches.
  According to the authors position cryptocurrencies for tax reasons should be treated
  as a property and means of payment. Therefore, any income in cryptocurrencies received
  by taxpayers should be subject to personal income tax or corporate income tax, respectively.
  The recognition of cryptocurrencies as a means of payment (that is, private money) leads to
  the need to exempt taxpayers from paying value added tax in cases where cryptocurrencies
  perform these monetary functions in transactions performed by taxpayers, in particular, they
  perform the function of a means of payment. Payment of taxes on income of taxpayers received
  in cryptocurrencies can be carried out both in cryptocurrencies and in national (fiat)
  currencies. It is permissible to establish a tax declaration of transactions for cryptocurrency.
  The foundations of the legal regime of taxation of digital currencies in the Russian Federation have been formed. The problems of introducing effective taxation of cryptocurrency
  transactions in the Russian Federation are identified, as well as changes to tax legislation are
  proposed, in particular, clarification of the range of objects that can be classified as “digital
  currency”, synchronization with the law on digital financial assets, determining the tax base
  and implementing tax control of transactions with cryptocurrency. As the study showed, the
  approaches to indirect taxation are the most unified. Tax regulation is a potential incentive
  to reduce the speculative interest of participants in transactions with cryptocurrencies and
  increase the transparency of taxation of cryptocurrencies.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 14; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: cryptocurrency
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital asset
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: fiscal management
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: legal regulation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: taxation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: business accounting
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Research of the effectiveness of the system of legal regulation of tax relations for operations with cryptocurrency currently in force
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 01.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/44300/1/01.pdf
resources.format: Adobe PDF
resources.size: 678,35 kB