The Federal Law sets forth a taxation procedure with respect to income derived from digital currency mining on the territory of the Russian Federation, as well as transactions to sell digital currency.
In particular, the Federal Law defines digital currency for tax purposes as property, while personal income denominated in digital currency, when earned by individuals through mining, is added to the tax base of the personal income tax.
In addition, the Federal Law establishes a procedure for determining the value of digital currency when calculating personal income tax and corporate income tax, and also introduces an obligation for mining infrastructure operators to file information on digital currency mining with the tax authority. The law also stipulates liability for failing to fulfil this obligation.