Finance ministry sets out accounting rules for the digital ruble

The Russian Ministry of Finance clarified the порядок проведения бухгалтерского учета of operations with the digital ruble.

Since CBDC is a form of cashless funds, reporting for it is carried out under the general rules.

Digital rubles are kept on a separate bank account. At the same time, to aggregate information about the asset’s presence and movements, the organisation may introduce an additional synthetic account.

Companies using simplified bookkeeping can record operations with the digital ruble under the item ‘settlement accounts’.

Inflows and write-offs of the asset are reflected in the reporting based on information provided by the organisation to the Bank of Russia through a participant in the digital ruble platform.

Earlier, the State Duma Committee on Budget and Taxes recommended in the first reading bill, which provides for the integration of the digital ruble into the tax regulation and control system.

As noted, the law on the Russian CBDC took effect on 1 August.

Russian citizens will be able to use the new means of payment widely in 2025–2027.

The asset is currently undergoing testing in several banks.