... the most popular tools for private investors in Russia. It allows for two types of tax deductions: Type A - a deduction for contributions up to 400,000 rubles per year, enabling a tax refund of up to 52,000 rubles. This is suitable for those paying personal income tax (PIT) at the rate of 13%. Type B - exemption from taxation on income derived from securities transactions when the IIA is closed. This option is suitable for investors planning significant investment returns. Long-term capital gains exemption on share ...

... document outlining the payment amounts for each recipient. Tax Calculation and Withholding. The accounting department calculates the approved dividend amounts and concurrently withholds the necessary tax. The company acts as a tax agent, calculating personal income tax (PIT) for individuals at the established rate. Payment. The final step is to transfer the funds to the bank accounts of the members (shareholders). This must be completed no later than 60 days from the decision date (unless the charter specifies a ...

New cryptocurrency taxation rules came into force in Russia on January 1, 2025. How have personal income tax rates changed for traders and investors? What awaits miners now? And how will the new regulations affect the development of the crypto market? Our article provides a detailed analysis of the new rules, their impact on the market, and recommendations ...

... aligns taxation practices closer to international standards. Unified Tax Base for Securities and Digital Assets Income from operations with digital assets will be included in the general income base alongside income from securities transactions, with a personal income tax (PIT) rate capped at 15%. This allows for a unified approach to taxing various types of income while promoting transparency in cryptocurrency operations. Reporting Requirements for Mining Infrastructure Operators Operators providing infrastructure ...

... profits from cryptocurrency transactions, like any other income, is subject to taxation. In Russia, as of the writing of this article, there is no separate tax on cryptocurrency, but profits from its sale are considered personal income. Consequently, income tax (personal income tax) applies to this amount. The income tax rate is typically 13% in most cases. For very high incomes, it increases to 15%. It is important to correctly calculate the taxable base. For example, if you bought Bitcoin for 1 million rubles ...