Russia introduces control of transfers to cards and electronic wallets

Russian banks have begun testing software that will allow them to track all transfersRussians to bank cards. This was reported by the Moskovskaya Gazeta publication, citing sources in the banking industry.

Earlier, the new Prime Minister Mikhail Mishustin announced that the income and expenses of all Russian citizens, including transfers from card to card, will be monitored by a single system.

Since last year, based on a letterMinistry of Finance of 07.06.19 No. 03-04-05 / 41947 tax inspectorates of the Russian Federation began to control transfers between individuals. According to the source of Moskovskaya Gazeta, there will be more situations to prove that there is no need to tax the transfer of funds to the card.

The tax office may charge 13% tax onpersonal income (PIT), if it decides that a citizen receives money as additional income. Any payments made, for example, on a regular basis — income from the delivery of real estate and the provision of services — may seem suspicious.

For example, expensivepurchase of real estate or a car that clearly does not correspond to the income specified in the certificates 2-NDFL. Now, the tax inspectorate, in addition to controlling income, will also monitor the expenses of citizens, comparing them with income data.

Also, from April 1, 2020, information on e-wallets, which are issued by a citizen, will be transmitted to the Federal Tax Service (FTS).

Many experts attribute tighter controlsover banking transactions precisely with the advent of Mikhail Mishustin in the government, it was his candidacy that Russian President Vladimir Putin nominated for the post of head of government.

</p>

5
/
5
(
1

voice
)