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Russian Tax Code Amended for Taxation of Cryptocurrency Transactions

|Approved Changes|Russia
Russia

Russia has published Federal Law No 418-FZ of 29 November 2024 in the Official Gazette, which amends the Tax Code for the taxation of income from cryptocurrency transactions, including cryptocurrency mining and trading. The law is effective from 1 January 2025.

For corporate income tax purposes, it is provided that cryptocurrency is recognized as a non-depreciable asset and will be taxed as f…

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