The Russian Ministry of Finance has announced significant changes in the taxation of digital currencies:
🟠VAT Exemption: Transactions involving digital currencies will be exempt from Value Added Tax (VAT).
🟠Income Taxation: Income derived from digital currency operations will be taxed similarly to income from securities transactions. Consequently, the maximum Personal Income Tax (PIT) rate on such income will not exceed 15%.
🟠Non-Resident Tax Rate: For non-residents of Russia, the tax rate is higher—30%. A tax resident is defined as an individual who spends at least 183 days within a 12-month period in Russia.