Russian President Vladimir Putin has signed a new law that officially recognizes digital currencies as property, opening a new chapter in digital currency taxation. 📜

According to this law, digital currencies are also considered property in foreign trade payments, while mining and sales are not subject to VAT. Operators of mining infrastructure are required to report to the tax authorities or face fines. 💰

Digital currencies obtained by individuals through mining will be considered in-kind income, taxed at market prices, and enjoy tax deductions for mining expenses. Income tax rates range from 13% to 15%, while corporate income tax will be levied at 25% from 2025. 📈

This law lays the foundation for the legalization and standardization of digital currencies in Russia.