Russia Introduces VAT on Foreign Crypto Mining Services

Russia has implemented new VAT regulations for companies offering services to foreign cryptocurrency miners, impacting both lease operations and tax compliance within the industry. These changes, overseen by the Federal Tax Service (FTS), necessitate foreign-facing mining operators paying VAT as of April 2nd, 2025, on equipment leasing activities. The aim is to clarify taxation procedures for crypto mining equipment leasing and establish rules for companies providing computing power to non-Russian clients.