The Russian Government Legislative Committee approves the Ministry of Finance's proposal to regulate cryptocurrency taxation and tax exemption scope

Golden Finance reports that on April 28, according to market sources, the Russian government’s legislative committee has approved a proposal from the Ministry of Finance to include digital currency-related operations within the scope of personal income tax collection, including cryptocurrency exchanges.
The bill proposes that transaction costs be calculated using the FIFO (First-In, First-Out) method and prohibits the carryforward of digital currency trading losses to future tax periods.
Meanwhile, some services and transactions are proposed to be exempt from value-added tax, including digital custody institutions, cryptocurrency exchange services, and certain foreign digital rights transactions without physical delivery.
For debt-based digital financial assets (such as tokenized bonds), the bill sets separate profit tax calculation rules and allows loss carryforwards.
Previously, Russia’s State Duma passed the first reading of the “Digital Currency and Digital Rights” bill.