Cryptocurrency Taxation Starting from 2025
As of January 1, 2025, the provisions of Federal Law N418-FZ dated November 29, 2024, specifying the taxation procedure for income from cryptocurrency sales, came into force:
- Legal entities pay corporate income tax;
- Individuals and individual entrepreneurs under the general taxation system pay personal income tax;
- VAT does not apply to these transactions.
Taxable income from cryptocurrency sales is calculated as the difference between:
(Proceeds from sale, but not less that the market value multiplied by 0,8 for Corporate income tax purposes) – (Purchase cost) – (Cryptocurrency exchange fees).