{"id":87991,"date":"2023-12-07T17:42:46","date_gmt":"2023-12-07T15:42:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87991"},"modified":"2025-09-13T15:16:08","modified_gmt":"2025-09-13T12:16:08","slug":"digital-ruble-integrated-into-russias-tax-system","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/digital-ruble-integrated-into-russias-tax-system\/","title":{"rendered":"Digital ruble integrated into Russia’s tax system"},"content":{"rendered":"

On 7 December, the Russian State Duma passed a law to integrate the digital ruble into the tax regulation and oversight framework. This was reported by RIA Novosti<\/a>.<\/p>\n

The document introduces in the Tax Code the concept of a ‘digital ruble account’.<\/p>\n

From January 1, 2025, the new asset may seized<\/a> if there are insufficient funds or the absence of other funds in the citizen’s account.<\/p>\n

Tax authorities will gain the power to suspend operations on digital ruble accounts and to require supporting documents for their deduction into the state budget.<\/p>\n

Platform operators will be obliged to comply with tax oversight, and penalties will be established for violations of these requirements.<\/p>\n

Moreover, the law lays out the taxation framework for operations with the new asset.<\/p>\n

Earlier, President Vladimir Putin stated<\/a> that ‘advanced solutions, including based on blockchain and CBDC<\/a>‘ are capable of ‘ultimately undermine the monopoly of large Western banks’.<\/p>\n

The law on the national cryptocurrency took effect August 1<\/a>. Russian citizens will be able to use the new payment instrument in 2025\u20132027<\/a>.<\/p>\n

In September, the Ministry of Finance explained the accounting treatment<\/a> of operations with the digital ruble.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 7 December, the Russian State Duma passed a law providing for the integration of the digital ruble into the tax regulation and oversight system.<\/p>\n","protected":false},"author":1,"featured_media":87992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1165,36,27,558],"class_list":["post-87991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-digital-ruble","tag-regulation","tag-russia","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87991"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87991\/revisions"}],"predecessor-version":[{"id":87993,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87991\/revisions\/87993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87992"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}