Russia has approved a draft law exempting digital asset and crypto issuers from value-added tax.
Russia continues its efforts to regulate crypto assets. According to a report by Reuters, Russian lawmakers will exempt cryptocurrency issuers from value-added tax. The draft law containing the provision in question was approved by the State Duma on Tuesday.
Alongside the VAT exemption from crypto issuers, the draft also sets tax rates on income from the sale of digital assets. Accordingly, the tax in question is 13% for Russian companies; It will be 15% for foreign companies.
The approved bill will become law with the signature of President Vladimir Putin.
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