The period after which the inspectors will be able to block accounts for failure to submit declarations or settlements has been doubled – from 10 to 20 working days. The State Duma approved the corresponding amendments to the Tax Code in the third reading on October 21.
According to the commented law, the delay period has been doubled. Now the inspectors will have the right to suspend transactions on accounts if declarations and settlements are not submitted within 20 working days after the end of the established period.
The amendments provide that tax authorities will be able to warn payers of their intention to block an account for being late with a declaration or settlement. The new clause 3.3 of article 76 of the Tax Code of the Russian Federation states: the tax authority “has the right” to notify the payer in advance about the upcoming suspension of operations due to failure to submit reports. The inspectors will send the corresponding notification no later than 14 days prior to the day the decision to block the account is made.
The new rules will take effect on July 1, 2021.