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Russia Crypto Tax 2025: What You Need to Know About New Regulations

Russia Crypto Tax 2025: What You Need to Know About New Regulations
Russia is revising its laws to regulate cryptocurrency mining and transactions more clearly. Starting in 2025, digital currencies will be taxed as property, with personal income tax rates of 13% on earnings up to 2.4 million rubles and 15% on higher amounts. Miners must report earnings monthly and operate under approved entities, with fines for non-compliance. However, mining operations won't be subject to VAT. The authorities aim to reduce illegal activities and ensure only legitimate participants can mine legally. Mining companies will face a 25% tax on their earnings starting in 2025. Russia will also allow tax-free cryptocurrency transactions under certain experimental legal regimes to facilitate international payments. These measures aim to create a more regulated and secure crypto trading environment in the country.

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