The draft of the tax crypto law in Russia has passed its first reading - ForkLog: cryptocurrencies, AI, singularity, the future

# The draft law on cryptocurrency taxation in Russia has passed its first reading

On June 9, the State Duma of Russia adopted in the first reading a bill on the taxation of cryptocurrency transactions, reports TASS. The document synchronizes the Tax Code with the upcoming law "On Digital Currency and Digital Rights."

What will change

It is proposed to determine the tax base for cryptocurrency transactions as the positive difference between income and documented expenses. The latter are planned to be calculated using the FIFO method. The bill also introduces the possibility of offsetting — the netting of positive and negative financial results from transactions with digital currencies and foreign digital rights within a single tax period.

Tax agents for personal income tax (NDFL) in such transactions will be brokers, trust managers, and digital depositories if they act as the source of income payments to individuals. The State Duma Committee on Budget and Taxes suggested discussing the extension of these functions to exchanges during the second reading.

For companies, income and expenses from digital currency transactions, besides mining, under foreign trade agreements will be included in the overall profit tax base. Foreign digital rights in this context are planned to be equated with cryptocurrencies.

It is proposed to exempt the sale of non-deliverable foreign digital rights, which only certify monetary claims, from VAT. The exemption will also cover services of depositories and organizations conducting cryptocurrency exchanges.

Periodic payments on debt-based digital financial assets (DFAs), not related to buybacks, are proposed to be included in the profit tax base according to the rules for interest income from loans. For ruble-denominated debt DFAs of Russian issuers traded on organized markets, a preferential rate will be introduced similar to bond interest.

Timelines

The Russian government submitted the bill to the State Duma on April 29. If the document is finally adopted, it will come into force one month after its official publication.

The provisions on the market valuation of cryptocurrencies for miners are expected to start on January 1, 2028, and a separate regime for debt DFAs — from January 1, 2030.

Recall that the previous version of the tax law from November 2024 proposed a personal income tax rate of 13-15%, as well as a 25% profit tax for legal entities.

The basic draft "On Digital Currency and Digital Rights" was adopted by deputies in the first reading on April 21, 2026.

ForkLog analyzed its provisions in detail in a podcast.