The government approved amendments legalizing the use of cryptocurrency for import payments

The government approved amendments legalizing the use of cryptocurrency for import payments.

For transactions with digital money within foreign trade contracts, income and expenses will be included in the general tax base for corporate profit tax, and brokers will act as tax agents for personal income tax. At the same time, services of crypto exchanges and digital depositories will be exempt from VAT.

Thus, importers will be able to officially settle payments in cryptocurrency for foreign goods without risking tax claims.