Kazakhstan consider five times the increase in electricity tax on crypto mining-mining Bitcoin messages
Kazakhstan consider five times the increase in electricity tax on crypto mining-mining Bitcoin messages
The authorities in Kazakhstan discuss new regulations for the country's crypto, which could lead to a serious increase in the tax burden for the mining business. One of the proposed changes includes a quotation of the fee that miners pay electricity per kilowatt hour used.
mining companies in Kazakhstan are expected to pay much more to the state
government officials in Kazakhstan debate new laws for the cryptocurrency industry. The authors of a draft law "About digital assets in the Republic of Kazakhstan" dealt with certain matters that affect the growing crypto mining sector, reported local media.
quoted by Kazinform, the first deputy finance minister Marat Sultangaziyev noticed at a recent meeting of an interministerial commission that mining activities are now only the subject of mining activities registration , but further rules will follow. He also emphasized that it was very difficult to identify underground miners that illegally consume a lot of electricity.
Kazakhstan has been trying to finish with a growing electricity deficit since last year when the state welcomed mining companies that deducted from China after Beijing initiated a hard way against Bitcoin mining operations in May. The bottlenecks were accused switch off across the central Asian nation.
The upcoming changes will make any unauthorized mining illegal. In addition, taxation for registered companies is increased. Last summer, Kazakhstan introduced a surcharge of 1 Tenge per kilowatt hour of electricity, which the authorities now want to increase to 5 TenGE per kWh ($ 0.01), revealed Sultangaziyev.
Kazakhstan also plans to charge mining equipment, regardless of whether it is used or not connected. MINING companies are obliged to report the number and type of their pre -appliances and pay the new fees quarterly.
also hardware imports that are currently freed from VAT can be loaded VAT . A proposal to take out mining machines from this exceptional regulation was sent to the Ministry of Economic Affairs, the deputy finance minister said.
Interruptions in the power supply have already forced some mining companies Kazachstan. In order to solve the problem, the country increased the electricity Importe Year. The government intends to revive a project to build a nuclear power plant.
Do you think that more crypto-miner Kazakhstan will be left if the country increases the tax burden for industry? Share your thoughts on this topic in the comment area below.
Bedy verification : Shutterstock, Pixabay, WikiCommons
Kommentare (0)