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9.07.2014

Tax inspection wont rest over ones living beyond their means  ? 79

13:44, — Economics
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Tax inspection wont rest over ones living beyond their means

The authorities will strengthen control over foreign currency purchases and will fight salaries in envelopes.

The Ministry of Taxation has initiated changes into the Tax Code, which endow tax inspections with the right to obtain information on foreign currency purchases by citizens from banks in Belarus.

This came from the Minister of Taxation of Belarus Uladzimir Palujan today during an online-conference on the BelTA web-site.

Obtaining such information will allow tax inspections to improve the efficiency of control over the correspondence of expenditures and incomes of citizens, including individual entrepreneurs, who do not receive income from official sources or receive it in insignificant amounts, - the minister explained.

Lately the people came into attention of law enforcement and taxation institutions, who in absence of legal incomes obtained significant amounts of foreign currency in Belarusian banks. Information of law enforcement institutions on foreign currency purchases by certain individuals allowed tax inspections reveal the excess of expenditures of such people over their actual incomes. Such citizens were obliged to pay over Br400 million in taxes on unconfirmed incomes.

Also, the Ministry of Taxation together with the Ministry Labour, Ministry of Economy and Ministry of Finance prepared and introduced to the Council of Ministers a draft decree on fighting the practice of salaries being paid in envelopes.

Adoption the legal act by the head of the state will bring the fight on non-transparent salaries to the state level, will allow for law enforcement and controlling bodies to join tax inspections fight on this negative phenomenon in the economy, - the minister noted.

Apart from that taxation and law enforcement agencies are currently running controlling events aimed at revealing the income sources of a pensioner, who in 2012-2013 bought over $5 million in Belarusian banks. Considering that this person was unable to confirm the sources of the incomes, he was billed with the income tax in the amount of Br5.7 billion, while inspection materials were passed on to law enforcement agencies in order to them to establish whether signs of crime were present in the actions.

Currently most banks refuse to provide information on citizens foreign currency purchases, referring to tax inspections lack of credentials to obtain data, which is a part of the banking secret of physical persons, - the minister pointed out.


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