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Lidings Creates Information Resource for Simplifying Cryptocurrency Accounting and Tax Reporting

31 March 2025
Starting from 2025, the Russian Tax Code includes regulations on cryptocurrency (digital currency) taxation. The Code provides an answer to one of the key questions - how to convert cryptocurrency value into rubles for accounting and tax calculation purposes. For this purpose, a market quotation mechanism has been introduced, applicable to corporate income tax (new Article 282.3 of the Tax Code) and personal income tax (revised clause 1 of Article 211 of the Tax Code).

Lidings - Appointed Exclusive Representative of WEX Crypto Exchange for Accepting Applications of Clients for Refunds – Informs on the Current Status of the Refund Procedure

26 March 2025

As previously communicated to WEX clients, the submission of applications and the compilation of client dossiers were suspended as of September 1, 2024. 

All applications submitted before this deadline have been processed, and the corresponding dossiers have been compiled and submitted to WEX’s management for review. We are pleased to report that significant progress has been made in locating clients, verifying their identities, and obtaining documentation confirming the lawful origin of their funds.