Russia Tax Agency Announces Income Declaration Submission Deadline for Individual Entrepreneurs, Miners Regarding 2025 Income

The Russian Federal Tax Service March 25 announced the April 30 deadline for individual entrepreneurs and miners to submit income declarations regarding their 2025 income. The announcement also includes that: 1) to legally mine in Russia, individual entrepreneurs must register in a special registry maintained by the Federal Tax Service of Russia; 2) individuals can also mine digital currency and don’t need to register in the specified registry, but must adhere to a consumption limit of 6,000 kilowatt-hours (kWh) of electricity per month; 3) tax returns must reflect both income received from digital currency mining and income received from its ...