Russian officials will be obliged to declare digital assets

Russian officials will provide information on the digital assets available when filing returns to the tax authorities. The corresponding decree was signed by President Vladimir Putin.

The innovation will also affect the spouses of civil servants, as well as those applying for positions in municipal and state institutions. So, the normative act contains the wording according to which you will have to provide “information about the digital financial assets belonging to them, their spouses and minor children, digital rights, which simultaneously include digital financial assets and other digital rights, utilitarian digital rights and digital currency (if any) “.

It should be noted that the authorities have previously announced the inclusion of digital means of calculation in tax returns. So, in October, the Prosecutor General of the Russian Federation Igor Krasnov noted that the department will closely monitor the information on digital assets noted in tax documents, since they can serve as a tool to hide illegal income.