Tax compliance for digital assets and cryptocurrency in Russia. Mining taxation, trading gains, reporting requirements, legal status of crypto in Russia…
Tax compliance for cryptocurrency and digital assets in Russia — mining, trading gains, reporting to the FTS, legal status and practical guidance for individuals and companies.
Yes. Cryptocurrency is legal to hold and trade as a financial asset in Russia. Since 2020 (Federal Law No. 259-FZ "On Digital Financial Assets") and subsequent amendments, crypto has a defined legal status. It cannot be used as a means of payment for goods and services in Russia (except in certain cross-border transactions), but holding, trading and mining are legal.
As personal income at 13% (or 15% above RUB 2.4m/year). The gain is the sale price minus acquisition cost. Losses can offset gains within the same tax year but cannot be carried forward to future years. Annual 3-NDFL filing required by 30 April.
Yes, from 2025 mining income is taxed as ordinary income at the market value of the mined cryptocurrency at the time of mining. Individual miners and mining companies have different tax treatment. The regulatory framework for mining has developed significantly since 2023 — we stay current on the requirements.
Contact us immediately. The FTS has been increasingly active in crypto enforcement through data from Russian exchanges, international information exchange and blockchain analytics. A proactive voluntary disclosure before any FTS assessment is significantly better than responding to an assessment — both in penalty terms and in the ability to negotiate.
Practical support for international business in Russia.