Russian officials will not be able to specify virtual currencies in income declarations

Russian officials will not be able to specify virtual currencies in income declarations – high-tech and advanced news on Hi-News.ru

The news was pleasant for all public servants when you looked closely at the form of the income statement, in which the crypto-currencies were simply not included. According to representatives of the Ministry of Labor, this was done deliberately, since now in Russia, crypto-currencies are not regulated by law, and their legal status is still not defined.

In addition, the Ministry of Labor has updated the methodological recommendations for civil servants, from which it becomes clear that officials will not be able to specify virtual currencies among their incomes when providing information on incomes, expenditures, property and property obligations for the reporting year 2017.

Methodological recommendations for state officials to declare information on incomes and property are updated annually by the Ministry of Labor in conjunction with the Administration of the President. Important amendments and recommendations are made to the document, which civil servants are obliged to follow when declaring information about their property and income. The new document specified for the first time a separate paragraph that virtual currencies can not be indicated in income statements.

Nevertheless, the new list of income was expanded by adding a point about money received from relatives and third parties on a non-repayable basis. Regional and municipal civil servants, employees of extra-budgetary funds and employees of the Central Bank should file declarations later than April 30, the president, federal civil servants and employees of the Presidential Administration have less time – the document obliges them to report their incomes before April 1, 2018.

Russian officials will not be able to specify virtual currencies in declarations of income

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