According to PANews, the upper house of the Russian parliament approved a bill outlining a tax framework for digital currencies, which classifies digital currencies as property and exempts them from value-added tax.
Mining infrastructure operators are required to report personal data to the tax authorities, and mining income is considered taxable income. Companies are taxed at the standard corporate income tax rate, while personal income tax rates are 13% and 15% for high-income earners starting in 2025.
The bill will need to be reviewed several times by the State Duma, approved by the Federation Council and signed by the President before it can take effect. President Putin is expected to support the bill.