Digital currency is exempt from VAT and is not depreciated

Transactions related to the circulation of digital currency will not be subject to VAT. Such an amendment will be made to Article 146 of the Tax Code.

Chapter 25, which regulates income tax, will also be amended for digital currency

Article 256 of the Tax Code will prescribe that digital currency is not subject to depreciation.

As a reminder, a draft amendment to the Tax Code has been developed, which relates to digital currency transactions. It will be necessary to inform the tax authorities if the amount of the transaction involving digital money exceeded the amount of 600 thousand rubles in year.