Lidings Creates Information Resource for Simplifying Cryptocurrency Accounting and Tax Reporting
31 March 2025
Starting from 2025, the Russian Tax Code includes regulations on cryptocurrency (digital currency) taxation. The Code provides an answer to one of the key questions - how to convert cryptocurrency value into rubles for accounting and tax calculation purposes. For this purpose, a market quotation mechanism has been introduced, applicable to corporate income tax (new Article 282.3 of the Tax Code) and personal income tax (revised clause 1 of Article 211 of the Tax Code).