Russian laws only allow money transfers between individuals, but only when the funds have a fixture. If the tax often is interested in the money cycle, the results may be serious – from penalties to fines, said The project founder of the project “Sambank” economist Boris Frolov.
“When the large amounts of the same person enter the card regularly – especially if these transfers do not comply with the official income frame, the tax has the right to deal with the fund source,” he said. “If the inspector has questions, he can send a request to the bank, get quotes about operations and begin to control.”
In addition to a penalty and fine for such transfers, tax can be collected. For example, regular translations consider the provision of services. For example, Frolov stated that a citizen received funds to rent an apartment and after the complaint of an old tenant, a person fell into control and as a result he had to pay personal income tax from income for housing delivery.
Therefore, it is important to remember that the approval of credit agreements, gifts and documents is a real protection tool today. Even if the money transfer is carried out under the pretext of the return of the debt, it will have to be proved by a receipt – otherwise the tax will focus on the regulation of transfers. If there is no economist, documents and explanations, the transfer will be considered as income.
To the Russians before saidWhich comments can block an account when transferring money.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.