According to Bits Media, the Russian State Duma has passed the first reading of a cryptocurrency tax reform bill submitted by the government. The bill stipulates that taxable amounts for crypto transactions will be calculated based on the positive difference (i.e., net profit) between digital asset income and costs. It also allows investors to offset profits with losses within the same tax period. The bill requires brokers and trust managers to act as tax agents for personal income tax (NDFL), with documentation needed to confirm costs and records to be kept for five years. Crypto income from foreign trade contracts, excluding mining, will be included in the corporate income tax base, and foreign digital rights will be treated as equivalent to cryptocurrency. Additionally, the bill exempts foreign digital rights sales that establish monetary claims without delivery from VAT (NDF) and waives VAT for digital custody and exchange services. https://www.(wublock123.com)/news/news-62511