Russia is proposing to exempt crypto exchanges and custodial services from VAT, with the bill expected to be adopted by July 1 2026. The exemption covers digital rights confirming exclusively monetary claims but does not apply to profits, which will still be taxed under standard rules. Ordinary users will face a purchase limit of $3,700 per year and can only buy the largest coins listed by the Central Bank.
Russia is proposing to exempt crypto exchanges and custodial services from VAT, with the bill expected to be adopted by July 1 2026.
No, the exemption does not cover profits; exchanges and storage services will still pay standard taxes on commissions, storage fees, and other income.
Ordinary users will be limited to buying up to $3,700 of cryptocurrency per year, and only the largest coins on the Central Bank’s list will be allowed.
Expenses for purchasing digital currency are accounted for using the FIFO method, and losses cannot be carried forward.
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CryptoPolitan · about 11 hours ago
Russia is drafting a law that will exempt cryptocurrency exchange and custody services from VAT, while subjecting their profits to standard corporate tax. The bill also introduces new personal tax rules for crypto traders, limits retail purchases to $3,700 per year, and requires Russian residents to report foreign‑based crypto wallets to the Federal Tax Service.
Cryptopolitan · 1 day ago
Russia will exempt cryptocurrency exchange and custody services from value‑added tax, covering ancillary services related to issuance and trading of digital currencies. The bill, expected to be adopted by July 1 2026, also sets corporate tax rules for platform profits and allows traders to offset acquisition costs against income, though losses cannot be carried forward.
Bloomberg Tax · about 2 months ago
The Russian Federal Tax Service announced that the filing deadline for Q1 2026 VAT returns is April 27, 2026. Taxpayers must use a new form that reflects a VAT rate increase to 22% from 20%, along with other changes.
EADaily · about 2 months ago
Russia’s Ministry of Industry and Trade has proposed a flat 22% VAT on all foreign goods, including purchases via online marketplaces, effective 1 January 2027. The proposal contrasts with a Ministry of Finance draft that would raise the rate gradually from 5% in 2027 to 20% in 2030. The announcement was made by Minister Anton Alikhanov at the Duma Committee on Industrial Policy on 11 February 2026.
The Moscow Times · 3 months ago
Russia increased its VAT rate from 20% to 22% on 1 January 2026, expanding VAT registration to more small businesses. The Finance Ministry expects the hike to bring an extra 3.2 trillion rubles in revenue, while businesses have already raised prices to offset the tax change. The move aims to close the fiscal gap caused by war spending and falling oil revenues.
Vijesti · 11 minutes ago
The EU has proposed a law allowing governments to temporarily reduce VAT rates to counteract price rises, particularly in fuel, and protect citizens’ standard of living. The proposal is aimed at mitigating inflationary pressures in Montenegro and has broad political support. It follows examples such as Spain’s reduction of fuel VAT from 21% to 10%.
