The requirements for tax monitoring participants will be reduced

Tax monitoring allows companies to interact with the inspection body online. Tax inspectors have remote access to business documentation. Monitoring captured large taxpayers, but soon the requirements were reduced three times. Now not only large businesses can participate in monitoring, but also medium-sized ones.

This will reduce the burden on government agencies during reporting – there will be no need to receive people physically in representative offices, just log in to the documents of the selected company from the computer. This will also affect the timing – the speed of closing the tax period will be less, and there will be practically no information on paper at all.

The Federal Tax Service evaluates each company that has submitted an application to participate in monitoring separately. Companies are tested, where the authorities evaluate their quality and assign a rating.