FBK Legal at Conference Dedicated to Year-End Tax Results

FBK Legal’s Head of Practice Ekaterina Golubeva has spoken at a conference titled ‘Year-End Tax Results’ hosted by Vedomosti. The attendees discussed how to adapt Russian business to the new global realities while protecting the state's fiscal interests, and analysed deficiencies in tax administration that should be eliminated to prevent businesses from suffocating.

In her speech, Ekaterina focused on taxation of cryptocurrencies and digital financial assets highlighting their realities and prospects.

“We don’t have a clear procedure for taxation of cryptocurrencies at the moment: essentially it means that nothing’s clear, but we have to pay the tax. Unfortunately, the bill regulating taxation of cryptocurrency transactions has been frozen for a while now, so we have rather vague prospects for clarity here,” Ekaterina said.