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Russia Will Begin Collecting Taxes in Digital Rubles from 2025
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Russian tax authorities will start collecting taxes in digital rubles from 2025, with banks also handed powers to block “suspicious-looking” CBDC transactions.
Per the media outlet Klerk, recent tax code amendments – signed into law by President Vladimir Putin late last year – Russian tax authorities will “switch to collecting taxes in digital rubles from 2025.”
The media outlet added that the Ministry of Finance hopes to “begin paying pensions and other social benefits” in digital rubles.
The ministry has previously announced plans to make unspecified welfare and subsidy payments in CBDC coins this year.
As part of the expanding pilot, government organs have vowed to become more proactive with the coin in 2024.
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