- Changes have been made to the Tax Code of the Russian Federation regarding digital rights.
- Individuals or banks selling digital rights that include digital financial assets and utility digital rights are considered tax agents.
- Organizations (excluding banks) that acquire these digital rights from individuals or banks are also considered tax agents.
- Payments received by the tax agent for these digital rights are included in the tax base.
Source: nalog.gov.ru
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Russia"
- Russia’s Finance Ministry Outlines Tax Reforms, Proposes VAT Hike in 2026 Budget
- Russia Proposes VAT Rate Increase and Lower Simplified Tax Threshold in 2026 Budget Plan
- Russia’s MinFin proposes to hike VAT from 20 to 22% as of Jan 1, 2026
- Latvia to Raise VAT on Russian-Language Publications from 5% to 21%
- Development of Judicial Practice on VAT Deductions for Modular Buildings for Temporary Worker Accommodation
