FNS does not plan to increase access to information on accounts of Russians

© RIA Novosti / Igor Taraborrelli in photosangelina the tax office. Archival photoFNS does not plan to increase access to information on accounts of Russians© RIA Novosti / Igor Taraborrelli the image Bank

The Federal tax service (FTS) of Russia has the right to request information about the movement of funds on accounts of citizens in the framework of tax inspections, to give the Agency new powers are planned, have informed RIA Novosti the press service of the FTS.

Previously, «Kommersant» wrote that the order of the FTS dated July 19, 2018, which defines the new procedure of sending requests to the credit organizations, will give the Agency greater access to information on accounts of Russians. The document will come into force in April next year. The Ministry clarified that the tax authorities have the right to request of banks the information on presence of accounts and deposits, the balances on them, and also statements on transactions on accounts and deposits of individuals, from 1 July 2014. Request information the tax authorities can only in the framework of tax audits.

The published document is of a technical nature and causes regulations FNS in accordance with applicable law (as the old order of FTS dated 25 July 2012 was issued before changes in the tax code), without providing any new powers to tax.

«Getting information from banks about transactions on accounts and deposits due to the necessity of the implementation of the tax authorities control the observance of legislation on taxes and fees,» recalls FNS.

Source