- Russia approved amendments to its Tax Code to align with new laws regulating digital currencies and digital rights.
- The amendments introduce VAT exemptions for certain digital rights transactions and services by digital custodians and currency exchanges.
- Personal income tax rules are updated, including a netting mechanism for individuals and new tax agent responsibilities for brokers and trust managers.
- Corporate income tax rules are revised to include digital currency transactions and periodic payments on debt digital financial assets, with preferential rates for certain rouble-denominated assets.
- The changes are part of broader efforts to comprehensively regulate and incentivize digital financial instruments in Russia.
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.
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