CoinVoice has recently learned that according to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies.
According to the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of the "Experimental Legal Regime in the Field of Digital Innovation (EPR)". The mining and sale of digital currencies are not subject to VAT. Operators of mining infrastructure must report to the tax authorities the issuance of cryptocurrencies using their services. Failure to transmit such information on time is subject to a fine of 40,000 rubles.
In terms of personal income tax, the digital currency obtained through mining will be classified as income in kind (a term usually used when payment is made with goods or services rather than currency). The value of the currency obtained will be determined based on market quotations. Such income will be taxed at the usual progressive tax rates, taking into account tax deductions for the amount of mining expenses.
At the same time, the income from the acquisition, sale or other circulation of digital currencies will be taxed at a two-stage personal income tax rate (13% for income up to 2.4 million rubles and 15% for income above this amount). They will be included in the same tax base as income from trading in securities, bank deposits and other sources. In terms of corporate income tax, digital currency mining will be taxed at the standard rate (25% from 2025). [Original link]