Russia: Law establishing taxation rules for digital currencies through amendments to the Tax Code (No. 418-FZ/Bill no. 1065710-7)
Progress
Current status
in force
01 Jan 2025 in force
27 Nov 2024 adopted
Scope
Implementers
Russia
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
legislature
Government Body
central government
parliament
Implementation Level
national
Timeline of events
Implemented Law establishing taxation rules for digital currencies through amendments to the Tax Code (No. 418-FZ)
On 1 January 2025, the Law establishing taxation rules for digital currencies through amendments to the Tax Code (No. 418-FZ/Bill no. 1065710-7) enters into force. The Law recognises digital currencies as property, mandates reporting obligations for…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government
Adopted Bill establishing taxation rules for digital currencies through amendments to the Tax Code
On 27 November 2024, the Federation Council adopted the Bill establishing taxation rules for digital currencies through amendments to the Tax Code (Bill no. 1065710-7). The Bill recognises digital currencies as property, mandates reporting obligati…
SourceEvent type
law
Action type
adoption
Government branch
legislature
Government body
parliament