What is the purpose of separating business accounts?
In an interview with Iran Economist, Dawood Manzoor, referring to the resolution of the Money and Credit Council regarding the separation of commercial accounts from personal ones, stated: When a commercial account becomes a commercial account, it enjoys privileges, which are mainly to facilitate business. For example, the threshold of the amount of money that the owner of the business account can transfer per day will be different, in fact, in the first stage, the issue of tax is not discussed. The point is to determine which accounts are commercial or suspected to be commercial. If they become commercial, they will be placed in a special group with privileges.
He continued: Of course, commercial accounts are also recognized as sales accounts. That is, what will be deposited in these accounts will be considered as sales. The goal is to determine which accounts are used for business purposes, and this process has other uses besides tax collection. For example, in order to monitor the circulation of money and the governance of Rial, the Central Bank needs to know which commercial accounts are, how much they circulate, and whether these circulations are suspected of money laundering or not. The objectives of this separation are broad, but it has been introduced in an unfavorable way among the people, and it is thought that the criterion is only to collect taxes.
The head of the Tax Affairs Organization emphasized that taxation is subject to tax laws and stated: How much and from whom to tax has its own law. The subject of systematization of monetary relations in the economy and the supervision of the banking system on the circulation of money and the governance of Rial. The purpose of identifying commercial accounts is to implement the law of store terminals. According to this law, economic operators who are called must register their purchases and sales electronically, issue electronic invoices, so that they can be included in the tax system. In order to verify whether the economic operator has reported all his sales to the tax authorities or not, the invoices issued by him are matched with the individual’s money flow, which is the business accounts and the account connected to POS.
Stating that the process of separating business accounts from personal ones has started, Manzoor said: In the first stage, all accounts that have been introduced to the tax system are considered business accounts. In this regard, about 8 million accounts have been registered in the system of the tax organization. We provide this information through a web service according to the agreement we have with the central bank. The central bank also identifies these accounts as commercial.
He continued: From now on, any person who wants to enjoy the privileges of a commercial account must apply to the bank so that his account is marked as a commercial account. Also, according to what the Central Bank has announced, if at least 35 million Tomans are deposited into an account within 100 deposits per month, it is considered suspicious and it will be checked whether this account is really commercial or not. After confirmation, we will inform the central bank.
According to this report, the separation of commercial accounts is in line with the implementation of the Law on Store Terminals and the Taxpayer System by issuing the instructions of the Central Bank, after which about 8 million commercial accounts benefit from special commercial banking services and the accounts that have commercial activity lights off are under the microscope. tax Placed.