- New rules on VAT taxation for digital currency transactions will be effective from January 1, 2025
- Federal Law No. 418-FZ dated November 29, 2024, amends the Tax Code of the Russian Federation
- Amendments include that mining and selling digital currency are not subject to VAT
- Additionally, services provided by authorized organizations for digital currency transactions under an experimental legal regime are exempt from VAT
- These changes are established under the Federal Law No. 259-FZ dated July 31, 2020, concerning digital financial assets and digital currency
- The publication date of this information is December 23, 2024, at 10 36 AM
Source: nalog.gov.ru
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
