Russia Imposes 30% Tax on Non-Residents' Crypto Income Under New Regulatory Framework

Gate News message, April 28 — Russia's Ministry of Finance has prepared amendments to the country's Tax Code to establish a taxation mechanism for cryptocurrency transactions, with non-residents facing significantly higher rates than domestic investors. The draft legislation was approved by the federal government's legislative commission on Monday, according to local media reports.

Under the proposed scheme, non-residents will be taxed at 30% on crypto-related income, substantially higher than the 13-22% progressive personal income tax rate applied to Russian residents. The tax rates will apply to both mining and trading activities, with specific treatment: mining income is reported as general income, while investment and trading profits form a separate tax base. For legal entities engaged in mining, the corporate income tax rate is set at 25%, a requirement that has been in place since January 1, 2025. Intermediaries such as exchanges and brokers will be responsible for withholding and transferring taxes on behalf of their clients.

The amendments aim to align national tax rules with the recently passed "On Digital Currency and Digital Rights" bill, which the State Duma approved on first reading. Russia plans to adopt the complete cryptocurrency regulatory framework by July 1, 2026, marking a shift from previous restrictive stances toward regulated legalization of major cryptocurrencies. Legal experts have offered mixed assessments: some view the framework as a step toward closing tax evasion loopholes and improving transparency, while others emphasize the need to create conditions that encourage crypto owners to voluntarily comply with taxation.