New rules for blocking of accounts are effective since July 1st | News - bellerage.com

New rules for blocking of accounts are effective since July 1st

The Federal Tax Service (FNS) can now block the accounts of an organization (individual entrepreneur) only 20 working days after the tax return submission deadline. Previously, this period was 10 working days.

FNS can notify about the violation and the subsequent blocking 14 working days in advance. This should allow the organization to correct errors and prevent the freezing of accounts. However, the preliminary notification is not compulsory. FNS therefore can block accounts without notice.

As a Top-3 accounting and tax outsourcing provider in Russia, Bellerage can help you mitigate tax risks. For more information, write us at russia@bellerage.com.

 

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