In May 2026, Russian legislation continued its active adaptation to the development of the digital economy.

At a government meeting held on April 29, 2026, large-scale amendments to the Tax Code were approved, aimed at regulating the circulation of digital currencies and digital rights. The key innovation was the exemption from VAT of transactions involving the sale of non-cash foreign digital rights certifying exclusively monetary claims, as well as services provided by digital currency exchange organizers and digital custodians. In the area of personal income taxation, a netting mechanism is being introduced — offsetting positive and negative financial results from transactions with digital currency and foreign digital rights within a single tax period, however, without the carry-forward of losses to future periods.

For corporate taxpayers, income and expenses from digital currency transactions under foreign trade contracts (for example, when paying for imports with cryptocurrency) will be included in the general tax base for corporate profit tax. Periodic payments on debt digital financial assets denominated in rubles and traded on an organized market will receive a preferential tax rate by analogy with coupon income on bonds of Russian issuers. Simultaneously, a package of related bills is being considered in the State Duma, introducing mandatory control over cryptocurrency transactions exceeding 100,000 rubles: operators will be required to identify clients, detect suspicious transactions, and transmit data to state authorities and the Bank of Russia, while illegal organization of digital currency circulation may be punishable by imprisonment for up to seven years.

Thus, May 2026 marked an important stage in the formation of a comprehensive tax and control mechanism for digital assets in Russia.