Russia’s Federation Council has approved sweeping amendments to the nation’s Tax Code, formalizing the taxation framework for digital currencies like Bitcoin (BTC).
The legislation, adopted on Nov. 27, represents a critical step toward regulating the rapidly growing crypto sector while ensuring compliance with tax laws.
Comprehensive tax laws
The new law, titled “On Amendments to Parts One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation,” was introduced by Alexander Shenderiuk-Zhidkov, Deputy Chairman of the Federation Council’s Committee on Budget and Financial Markets.
The amendments define digital currency as property for tax purposes, providing legal clarity that aligns with Russia’s broader regulatory goals. Under the updated Tax Code, income derived from crypto transactions will be taxed under a progressive personal income tax system.
Earnings up to a specified threshold will incur a tax rate of 13%, while high
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