The method of controlling the bank account and the amount of the card to the cards, to collect taxes

After more than a year has passed since the announcement of the directive to separate commercial accounts from non-commercial accounts, some people have tried to bypass the law and not pay taxes by transferring money to other people’s accounts imperceptibly or in the form of card to card.

With this account, all funds deposited into commercial bank accounts by all means, including electronic payment gateways, card readers, card-to-card, Satna, Paya, etc., are considered as sales and are the basis of tax calculations.

It was on September 12 of last year that the central bank announced that the necessary infrastructure for the separation of commercial and non-commercial accounts of individuals has been provided, and from now on, all bank deposit accounts of legal entities are considered commercial accounts, and the bank deposit accounts of natural persons are also considered non-commercial accounts. But people should declare their business accounts in order to avoid tax problems. In addition, the non-commercial bank accounts of individuals are continuously monitored, and if any amounts are deposited into them for commercial activities, it will be considered hidden income and subject to taxes and crimes.

What is a business account?

Any bank deposit account belonging to the customer that has been declared as a business account by the tax organization and their corresponding business activity has been determined is considered a business account. The customer’s business account can only be opened in the form of one of the types of Qarzul-Hosna savings deposit account, Qarzul-Hosna current deposit account and normal short-term investment deposit account.

The point is that it is not allowed to change the status of the long-term investment deposit account and short-term investment deposit account for the customer to a commercial account. Also, banks are not allowed to accept the request of a new partner to enter the joint business account, and applicants must submit a request to the bank to open a new joint account if they need to increase the number of partners.

What are the bank incentives for business accounts?

The Central Bank has provided incentives for the introduction of commercial accounts, which include the granting of a new check book if all the previous check book sheets are returned, as well as the return of 60% of the last check book sheets connected to the commercial account.

Also, people who declare their business account will get a 40% discount on paying for some banking services, including guarantees and remittances. In addition, the daily limit of absentee withdrawal from commercial accounts will be 5 billion Rials and 30 billion dollars per month.

How to control accounts

You may be wondering, how does a bank know that a bank account is suspicious? According to the strategy of the central bank, if a person’s bank account has two conditions at the same time, then that account is considered a commercial account, first, the number of deposits to the account reaches 100 items per day, and second, the amount deposited is more than 35 million tomans. .

Of course, all accounts that meet two conditions will not become commercial accounts at once, but banks will examine them and make a decision after monitoring the financial behavior of individuals. Also, according to the announcement of the Central Bank, banks are obliged to make all electronic transfers above 10 billion Rials daily within and between the customer’s bank accounts that are made from one or more of his commercial accounts, subject to the completion of the customer’s statement and the submission of documents.

How to separate bank accounts?

In order not to face heavy taxes or fines, natural persons with certain businesses, including guilds, can refer to the portal of the tax organization and declare their account or business accounts. The second way is to go to the bank where you have an account and trade the bank account information you want, of course, provided that you have obtained a tax file number before that.

Commercial activity is prohibited without a commercial account!

Banks are required to provide any banking services for the provision of foreign exchange related to the import of goods and services subject to the existence of a commercial account in the name of the applicant, and the transfer of rial funds related to the demand for foreign currency provision for the purpose of importing goods and services is possible only from the commercial account. Also, banks are obliged to make any granting of Rial and foreign currency facilities to business owners subject to the existence of a business account in the name of the applicant for the facility and the payment of its funds in their business account.

Of course, according to the bank, if the granting of Riyal facilities in the form of good loans, installment sales, leases under the condition of ownership, leasing and murabaha to the customer is used in non-commercial affairs, the existence of a business account in the name of the applicant for the facility is not relevant.

Do not rent your bank card

If you thought that you can bypass the law, you are very wrong because all your bank accounts are under the microscope and banks are obliged to continuously monitor and evaluate the financial behavior of their deposit account holders and adjust the amount of deposits according to Control the amount of occupational and non-occupational incomes of account holders. In order not to get stuck in a tax trap, do not rent your bank account or bank card to others, because the tax administration will definitely come to you one day.

Home loan funds are in danger!

After more than a year has passed since the implementation of the circular on collecting taxes from commercial accounts, problems have also been created for people, such as the fact that some home loan funds have encountered problems, and the account owners may be taxed, or some who have taken small loans. They have been forced to make purchases with it in physical form, and business owners refuse to accept convenience or credit cards because of tax concerns that either require more money.