The designation/nature of the commercial account was announced; 100 transactions worth 35 million tomans per month
According to the resolution of the Money and Credit Council, if a bank account has more than 100 transactions per month and 35 million Tomans are transferred in transactions, it is considered a commercial transaction and must pay tax.
First, a text message is sent to the people that the high transactions they have are business accounts and the business account needs to be taxed, and if the person claims that he does not do business and is mistakenly identified as a business account, he can submit the relevant documents to the tax organization and the issue It will be resolved.
Abuzar Soroush; In this regard, the Deputy Supervisor of the Central Bank said that the purpose of the Central Bank’s separation of commercial accounts from non-commercial accounts is to create transparency in the country’s economic system and said: owners of commercial accounts are no longer required to submit documents to the bank for transfers of more than two billion Rials. Rather, banks should demand documents from these persons only for transfers above 10 billion Rials.
Referring to people’s actions to commercialize their accounts, he emphasized: In the first method, people can declare their account number or commercial accounts by referring to the portals designated by the country’s tax affairs organization. Usually, the country’s tax affairs organization asks business owners for their business account numbers when completing tax returns, so people can declare their business account numbers from the same portal. After the declaration of taxpayers, the country’s tax affairs organization inquires about the correctness of the account information and its belonging to the taxpayer from the central bank’s system, and if it is confirmed, it informs the central bank in a systematic way. The central bank also announces the received account number to the operating bank in a systematic way to change the status to a commercial account; Therefore, all accounts declared by the country’s tax affairs organization are commercial. Of course, with the exception of the accounts of foreign persons with businesses who have received permission to work or invest in the country from the competent authorities.
Soroush added: In the second method, people can go to the operating banks and declare their account information with them, which they want to convert into a business account. In this case, the business owners must also declare their tax file number to the bank operators. After systematically sending information to the tax affairs organization through the route prepared by the central bank and receiving approval from that organization, the operating bank can commercialize the introduced account.
This post is written by H_shafiei_mset