In this article, I will explore Crypto Tax Rules in Russia – What You Should Know. Given the rapid rise in the usage of cryptocurrency, the tax responsibilities of individuals, companies, and miners in Russia cannot be overlooked.
From compliance obligations to the legal Mining architecture, this compliance guide will enable you to operate within the law and the current Russian crypto tax regulations.
Overview
By 2025, Russia has adopted a full legislation process involving cryptocurrency with intention to fully integrate digital assets into the economy while ensuring compliance with taxation.
Here’s a summary of the main aspects of the laws and taxes which concerns the individuals, companies, and miners in Russia.
Legal Recognition of Cryptocurrencies
As of January 2025, Russia has legalized cryptocurrencies as property under Federal Law No. 418-FZ. Such a classification subjects digital assets to taxes on transactions, sales, exchanges, and even mining, just as with traditional financial assets.
Taxation for Individuals
People involved in cryptocurrency transactions are liable for personal income tax (PIT) in relation to their yearly earnings as follows:
- 13% PIT on crypto gains up to 2.4 million rubles.
- 15% PIT on gains exceeding 2.4 million rubles.
Additionally, individuals must report crypto-related income if their total annual profit from trading exceeds 600,000 rubles.
Taxation for Businesses
Legal persons and sole proprietors encounter increased regulatory pressures:
- Increased corporate profit tax on crypto-related earnings, now set at 25%, an increase from 20% in 2024.
- Registration with the Federal Tax Service (FTS) is mandatory for legal persons performing crypto operations.
- Incurred noncompliance with registrational and reportable obligations may attract hefty fines.
Restrictions on Domestic Crypto Use
Even after permitting activities involving cryptocurrency, Russia still prohibits the use of digital currencies for payments within the country.
This restriction seeks to promote the use of the digital ruble, Russia’s central bank digital currency (CBDC), as well as to curb the economic dangers posed by non-controlled crypto transactions.
Strategic Objectives Behind Crypto Regulation
The Russian authorities consider the regulation of cryptocurrency as a means to:
- Enable international commerce by permitting cryptocurrency payments for international transactions.
- Diminish the dependency on oil and gas income by diversifying other economic income streams with an intention to bring down the budget revenue share from oil and gas to 23% by 2027.
- Improve the ruble’s financial oversight with the creation of the digital ruble, a cryptocurrency version of the ruble which is less opaque and offers better tracking capabilities than other cryptocurrencies.
These actions are in line with Russia’s ongoing attempts to upgrade its financial infrastructure in alignment with the modern shifts in the global economy.
Conclusion
To summarize, the 2025 tax regulations in Russia hint at an effort to incorporate digital assets into the economy while enforcing tax compliance.
Cryptocurrency participants, whether individuals or businesses, need to be well versed with the regulations to operate in the evolving environment.
Compliance with submission rules while grasping the legal contours will be pertinent in mitigating risks and supporting the drive towards Russian economic modernization.
FAQ
Yes. As of 2025, cryptocurrencies are legally recognized as property under Federal Law No. 418-FZ.
Crypto-related income must be reported if annual profits exceed 600,000 rubles.
Mining is legal, VAT-exempt, and miners must report activities quarterly if consumption exceeds certain limits.
