The State Duma committee on budget and taxes recommended approving in the first reading a bill envisaging the integration of the digital ruble into the tax regulation and control system. According to ТАСС.
The document adds to the Tax Code a concept of “digital ruble account” to regulate operations with it in the context of civil-law relationships.
The new asset could be seized if there are insufficient or no other funds in a citizen’s account.
Tax authorities will gain the right to suspend operations on digital ruble accounts and require supporting documents for their write-offs as contributions to the state budget.
Operators of the digital ruble platform will be obliged to comply with tax oversight and will be liable for violations of these requirements.
In addition, the bill sets out the framework for taxing operations with the digital ruble.
In the current version of the document, operations related to opening and maintaining an account, as well as transferring the asset, are exempt from VAT.
To determine PIT, the bill proposes establishing the date of actual income receipt when digital rubles are credited to the taxpayer’s account.
The corporate income tax is calculated by recognizing corresponding income and expenses under the начислении и кассовом методе.
The law on the Russian CBDC entered into force 1 августа.
Russian citizens will be able to use it en masse in в 2025–2027 годах.
The asset is currently undergoing testing in нескольких банках.