Who is subject to business account tax?

According to the report of Iran Economist, in line with the implementation of the law of store terminals and tax system, the central bank has recently notified the bank network of instructions regarding commercial deposit accounts and related banking services for implementation, according to which all bank deposit accounts of legal entities are considered commercial.

Of course, the owners of more than 8 million business accounts who have declared their accounts to be commercial to the Tax Administration, are not only not subject to taxes, but also benefit from banking and business incentives, such as increasing the limit of daily and monthly absentee money transfers to 500 million and 3 billion tomans, respectively. In addition, the conditions for issuing new checkbooks have also been facilitated for these people.

In the meantime, if an account is recognized as commercial, it must pay tax for the relevant transaction, which according to the resolution of the Money and Credit Council, if an account has more than 100 transactions per month and 35 million Tomans are moved in transactions, it is considered a commercial transaction.

Of course, the central bank has explained that having 100 deposit transactions per month is not the only criterion for an account to be considered commercial, but more than 100 transactions and 35 million tomans must be transferred simultaneously in a month, which is only the number of deposits to the account, not each transaction.

What transactions are not subject to business transaction tax?

Apart from this, the head of the central bank said that a person may have a thousand deposit transactions in his account, but his account is not considered commercial because it is possible that a person has hundreds of purchase transactions daily, and such cases are not subject to tax in any way.

Salehabadi further stated that A person who trades in the stock market is not subject to the business account tax in any way, because the stock exchange operators deduct half a percent of the tax from his account, or for example, a person sells a residential house and 5 billion tomans are deposited into his account, this person is not subject to this tax in any way. is not.

Therefore, according to the head of the central bank, since the majority of business and personal accounts are separated when card readers are connected to the tax file, maximum two or three people out of every 1,000 people are subject to business account tax.

Furthermore, Considering that it is a commercial activity where a person earns profit or incurs a loss with a business and makes a transaction, therefore, activities such as charities or family funds are not included in commercial accounts.

How to identify a business account

According to this report, Central Bank officials say that the basis for separating commercial and non-commercial accounts is based on the national code of individuals, in such a way that if a person has several accounts, the basis for 100 transactions and depositing 35 million tomans will be for all of the individual’s accounts.

Investigations also show that the tax affairs organization uses various criteria such as the number and volume of transactions in addition to data mining to identify suspicious commercial accounts, based on which a series of transactions such as subsidies, deposits from one account to another owned by an individual, bank facilities And rights are not considered as commercial transactions except suspicious transactions.

Therefore, when an account is identified by the Tax Administration as a commercial account, two situations occur; One is that the owner of the business account has a tax file, in this case, the identified business account is connected to his tax file.

If the owner of the identified business account does not have a tax file, that person will be notified by the tax department to file a file and he will be identified as a new taxpayer in the tax affairs organization.

How to collect tax from business accounts

Finally, transactions in an account identified as a business account are taxed. In the meantime, if it is found that the person has already paid the tax of those transactions, no additional tax will be charged for this transaction. Of course, if the desired transaction tax has not been paid, the relevant tax rate will be calculated and collected according to the business activity of that person.