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Fiat transfers

imwxx

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imwxxNew MemberAuthor
Joined
Feb 2018
Messages
6

#1

Likely a stupid question but - I have an IT freelancer based in Russia , who would like to receive fiat transfers into his bank for self employed tax reasons. Are there any methods to make bank transfers from say HK to Russia , crypto to cash doesn't work for him.

wonderfulboyFake user - Alias of JohnLocke
Joined
Jun 2022
Messages
188

#2

Russians use Crypto now a days, it won't work with Fiat unless he get a stealth paypal account or something.

aniglo22Recognized Voice
Joined
Jan 2024
Messages
648

#3

Yes it's very easy .
Look for Счет ИП on crypto exchanges .
You can also use crypto to sberbank,tinkoff, sbp system etc..
But this is more suitable for personal transfers and it will make bureaucracy i little harder .

ИП stands for : Индивидуальный предприниматель which translates to Sole-proprietor .

60sek.net/obmen-tether-trc-20-na-stlmrub.html

imwxxNew MemberAuthor
Joined
Feb 2018
Messages
6

#4

wonderfulboy said:

Russians use Crypto now a days, it won't work with Fiat unless he get a stealth paypal account or something.

Yes , purely comes down to the tax rate , if he gets fiat into his bank account he can be self employed at 6% , otherwise he is looking at 13-20%

aniglo22Recognized Voice
Joined
Jan 2024
Messages
648

#6

imwxx said:

Yes , purely comes down to the tax rate , if he gets fiat into his bank account he can be self employed at 6% , otherwise he is looking at 13-20%

Are you sure about that ? I think the 13-20% is only on crypto gains and mining operations (actual.pravo.gov.ru/content/content.html#pnu…202411290004) .

aniglo22Recognized Voice
Joined
Jan 2024
Messages
648

#8

imwxx said:

I'm not certain , only what he tells me . I'll pass that on thanks

Here is a more concise article that you can send him ( focusing on foreign economic activity/trade ) : vc.ru/money/1073126-new-v-rossii-razreshili-…ivy-dlya-ved

Last edited: Dec 12, 2024

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