FTS explained why the tax authorities expanded access to bank secrecy

MOSCOW, March 14 – RIA Novosti. Expanding the access of the Federal Tax Service to bank secrets will not affect conscientious citizens, it is directed against tax evasion schemes, the press service of the Federal Tax Service reports.

Earlier it was reported that the tax authorities of the Russian Federation from March 17 will receive expanded access to bank secrecy.

“These changes are not aimed at bona fide taxpayers, but are introduced to improve the efficiency of a risk-based approach to tax control and prevent damage from unscrupulous taxpayers who use various schemes to avoid taxes,” the statement said.

It is noted that the exchange of data on the beneficial owners of bank accounts between the countries participating in the international agreement, including the Russian Federation, has been going on for several years in the framework of international standards and the automatic exchange of account information. The tax authorities, even now, within the framework of tax audits, have the right to send inquiries to credit organizations and receive the necessary information, the press service specified.

“The Federal Tax Service of Russia emphasizes that the law does not provide for direct access to statements on transactions on accounts, deposits of individuals. The mode of obtaining such information will remain the same as now – only with the consent of the head of a higher tax authority or the head (deputy head) of the Federal Tax Service. Russia when conducting tax audits against these persons or requesting documents (information) from them in accordance with paragraph 1 of Article 93.1 of the Tax Code of the Russian Federation, “the message adds.

The press service also noted that in accordance with Article 102 of the Tax Code of the Russian Federation, all information received by tax authorities about taxpayers is tax secret and has a special storage and access regime.

Author: wedocount

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