What tax must be paid in case of income derived from cryptocurrency transactions?

According to Article 247 of the Tax Code of the Russian Federation, the taxable base for corporate profit tax is the income received, reduced by the amount of expenses. This rule applies equally to transactions involving cryptocurrency, which is recognized as property (but not as currency or a financial instrument). Thus, if an organization derives income from the sale or exchange of cryptocurrency, it is obligated to pay profit tax on the difference between the proceeds from the disposal and the documented expenses incurred in acquiring the cryptocurrency. If the company applies the general taxation system, the tax rate is generally 20% (comprising federal and regional components). Maintaining tax records for crypto transactions requires careful documentation of all operations, including the date of purchase, purchase price, exchange rate, fees, and the moment of disposal.