The Russian government's Legislative Activities Committee has approved the Ministry of Finance's proposal to impose personal income tax on revenue from digital currency transactions, including cryptocurrency exchange trades. The draft suggests calculating costs using the FIFO (First In, First Out) method and prohibits carrying forward losses from digital currency transactions to offset future tax periods. Additionally, it plans to exempt VAT on services provided by digital custodians, crypto exchanges, and certain foreign digital rights transactions without physical delivery. (Bits Media) https://(wublock123.com)/news/russia-government-approves-treasury-plan-tax-personal-crypto-trades-60191