The post Russia Crypto Tax: New Tax Rates for Miners’ Earnings appeared first on Coinpedia Fintech News
Russia has introduced new cryptocurrency mining regulations under Federal Law No. 259-FZ, requiring miners to report earnings by the 20th of each month and operate under approved entities. The Federal Tax Service (FNS) allows miners to declare earnings via personal accounts. Digital currencies are classified as property, subject to 13% tax on earnings up to 2.4 million rubles and 15% for higher income, starting in 2025. Mining operators must report data to local authorities, with fines for non-compliance, aligning mining activities with taxation and regulatory frameworks.