Russia Compliance Report

Regulatory Overview

Regulatory Status

Legal but heavily constrained — banking bans, trading limits, capital controls

Primary Legislation

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Travel Rule

Adopted — Threshold: $1,000

Tax Reporting

**Individuals**: 13% on total annual income (including crypto profits) up to 2.4 million RUB; 15% on the excess. Non-residents face a flat 30% on Russian-sourced profits.[1][2][3]. **Businesses**: 25% corporate profit tax on crypto-related income (increased from 20% in 2024).[1][2]. Crypto mining and trading/sales are **exempt from VAT**.[1][2][3][4]. Income from mined coins is still subject to PIT or corporate tax.[1]. **Individuals**: Report all taxable crypto income on annual tax returns (3-NDFL form). Transactions exceeding 600,000 RUB (~$6,500 USD) trigger monitoring, but all profits must be declared regardless. Track purchase/sale dates and RUB values per transaction to calculate net profit.[3][5]

Key Facts

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