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

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After former President Trump’s push to make the US a Bitcoin leader, countries like Russia, which once showed little interest in cryptocurrency, are now revising their laws to leverage trillion-dollar industry. At present, Russia is facing US sanctions and its economy is also in bad shape it will be interesting to see if these new rules provide relief to the existing investors.

In a major change, Russia is moving to regulate cryptocurrency mining and transactions more clearly, with new tax laws set to take effect in 2025. Russia’s new cryptocurrency mining regulations, under Federal Law No. 259-FZ, require miners to report earnings monthly and operate under approved entities. 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 data to authorities, with fines for non-compliance.

Here’s what it means for you!

Cryptocurrencies Now Officially Property

Under the new laws, digital currencies like Bitcoin are officially recognized as property under Russian tax regulations. This shift means that cryptocurrencies will be treated like other forms of property when it comes to taxation.

Personal Income Tax on Crypto Sales

From January 2025, individuals selling cryptocurrencies will have to pay personal income tax. The rate will be 13% on earnings up to 2.4 million rubles and 15% on anything higher. This brings cryptocurrency into the regular tax system, ensuring transparency for tax authorities.

Mining Tax Exemption and Regulations

Mining crypto is still a major part of the industry, and Russia is offering some relief. Mining operations won’t be subject to VAT (Value Added Tax), which is a big advantage for miners, as it reduces their overall tax burden. However, as per the new law, Mining operators must now report their earnings to the government each month by the 20th. If they fail to comply, they could face fines of up to 40,000 rubles. Plus, they will be restricted in regions with limited energy resources, so miners can’t overburden local power grids.

With these restriction, the authorities expect to reduce illegal activities within the industry and ensure only legitmate participants can mine legally and rightfully.

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Corporate Tax on Mining Profits

Mining companies will face a 25% tax on their earnings starting in 2025, aligning them with other businesses under Russia’s corporate tax system. This ensures that corporate crypto mining profits are taxed similarly to traditional business profits.

Encouraging Cross-Border Crypto Transactions

Russia will allow tax-free cryptocurrency transactions under “experimental legal regimes.” These rules are designed to facilitate international cryptocurrency payments, giving businesses more flexibility without worrying about domestic tax obligations.

By officially recognizing cryptocurrencies as property, implementing personal income taxes, and offering some relief for miners, Russia is setting the stage for a more regulated and secure crypto trading environment in the country.