Guys, hold on to the new data! Starting January 1, 2025, important changes to tax legislation come into force in Russia, affecting everyone who interacts with digital assets. Below are the key points that every participant in the crypto market should know.
Mining under strict supervision
Operators of mining infrastructure are now required to provide information about miners using their equipment. Missed the report? A fine of ₽40,000 is guaranteed.
Taxes for individuals
Income from cryptocurrencies is equated to income from securities and included in the overall tax base.
Tax rate:
Up to ₽2.4 million — 13%
Over ₽2.4 million — 15%
Legal entities and mining
For companies, the profit tax from mining increases from 20% to 25%.
However, operations for the sale of cryptocurrency are exempt from VAT, which can be beneficial for major players.
Crypto exchanges and quotes
Income will be calculated based on market quotes from exchanges with trading volumes of over ₽100 billion per day.
If data from multiple exchanges are used, the taxpayer will be able to choose whose quotes to apply.
End of preferences
Forget about the 'simplified' tax system, patent system, and taxes for self-employed individuals. Crypto operations are now subject to strict standards.
What does this mean?
The new rules are aimed at strengthening regulation of the crypto industry, but they create additional administrative barriers. Miners and crypto investors will have to adapt to the new requirements, which will inevitably complicate business operations.
Macroeconomic background
Interestingly, these changes are taking place against a backdrop of economic instability. For example, the dollar exchange rate yesterday was 114 rubles, highlighting the increasing influence of global and local factors on financial markets.
The crypto market is becoming increasingly regulated, but this also opens up new opportunities for those willing to play by the new rules. Prepare in advance to not miss out on benefits!
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