- Russia’s Federal Tax Service stated VAT on leased crypto mining equipment is non-deductible
- Digital currency mining is not a VAT-taxable activity
- Input VAT in lease payments for mining equipment cannot be deducted
- New VAT rules for digital currency transactions were announced on 23 December 2025
- These rules took effect on 1 January 2025 after amendments to the Tax Code
Source: regfollower.com
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"
- Russian Government Plans to Revoke VAT Exemptions for Bank Card Transactions
- Russian Finance Ministry Proposes Tax Exemptions for Precious Metal Raw Materials in New Draft Law
- Russian IT Sector May Lose VAT Exemption for Registered Domestic Software by 2026
- Russia Extends Sunflower Seed Export Duties to 2028, Maintaining 50% Rate and Floating Oil Duty
- Russia’s 22% VAT Hike: Prioritizing Military Spending Over Economic Growth
