Russia Introduces 15% Tax on Cryptocurrency Transactions and Mining
It introduced a 15 percent tax on cryptocurrency transactions and mining in Russia, classifying digital currencies as property for tax purposes. It will classify trading income starting in 2025 like securities, including a 13 percent rate for most people and a 15 percent rate for those with higher incomes. Miners would also have to declare who their clients are, the new legislation underlines, adding some greater level of transparency. Cryptocurrency transactions will be exempt from VAT, encouraging more participation in the market. This move aligns with Russia’s strategy to regulate its growing cryptocurrency sector.

"Russia's new 15% tax on cryptocurrency transactions and mining is part of a broader effort to regulate the digital currency market, with a focus on transparency and compliance, starting in 2025."
Russia has just adopted one of the most important policy changes: the approval of a 15% tax on cryptocurrency mining and transactions. This law, describing digital currencies as properties for tax-gathering purposes, is supposed to regulate the growing market of digital assets in the country. Beginning in 2025, the income from crypto trading will be taxed in a similar way as securities, with the rates remaining at 13% for most and 15% for high earners who make more than 2.4 million rubles annually. Also, crypto mining activities will be taxed according to the market value of assets at the moment of receipt.
What is even more, the new laws place an obligation on operators of mining infrastructure to reveal their client information, a measure believed to enhance transparency and weed out most of the illicit dealings in the industry. In another unprecedented move, it shall exclude cryptocurrency transactions from paying value-added tax-a feature believed to make cryptocurrency trading quite attractive for both people and businesses.
This move comes within Russia's broader strategy of regulating its crypto industry in line with global trends in the regulation of digital currencies. This reflects the government's intention for a balanced framework serving the interests of business while ensuring fair taxation.
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