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Russia Lower House Submits Bill to Amend Taxation Rules for Digital Currency

The Russian Lower House of Parliament (State Duma) April 14 accepted for consideration Bill No. 106872-8, to amend the taxation rules for digital currency.

The document clarifies the features of VAT for operations on the sale of digital assets, corporate income tax, as well as personal income tax on profits and income of taxpayers from the sale of digital assets.

Under the bill, VAT will be subject to the services of information systems operators, which issue digital financial assets (DFA), as well as exchange operators of digital financial assets for the admission of digital rights.

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