The Ministry of Finance agreed to the transfer of data on transfers of individuals from 2027

The Ministry of Finance agreed to extend the provision on the transfer by the Bank of Russia to the Federal Tax Service (FTS) of information about citizens who systematically receive income from other individuals only for operations committed since January 1, 2027. This was stated by State Secretary – Deputy Finance Minister Alexei Sazanov at a meeting of the State Duma Committee on Budget and Taxes, Interfax reports.

“Of course, now this norm should be extended from January 1, 2027,” Sazanov said.

Initially, the amendments provided that the norm will come into force on January 1, 2027, but will apply to operations from January 1, 2026. Chairman of the State Duma Committee on Taxes Andrey Makarov drew attention to the fact that in this way it is given retroactive force. Sazanov explained that the provision was moved from the bill on whitewashing the economy, introduced in the spring, when such a date was relevant.

The amendments oblige the Central Bank to transfer to the Federal Tax Service information about citizens whose operations on accounts have signs of systematic income from other individuals. Specific criteria, form and frequency of data transfer will be determined by agreement between the Central Bank and the Federal Tax Service.

Based on this information, the tax office will be able to request bank statements on citizens’ accounts. Now this is allowed when collecting debts, tax inspection or requesting documents with the consent of the management of a higher tax authority.

Amendments are proposed for the second reading of the bill included in the budget package.

At the end of March, the government submitted to the State Duma a bill providing for increased control over imports and incomes of individuals. In particular, the Federal Tax Service is proposed to provide the right to receive information from the Bank of Russia about citizens with signs of undeclared entrepreneurial activity. Specific criteria are not specified in the document. “The starting point of such control will be exceeding the limit of annual undeclared income of 2.4 million rubles per year,” the tax service explained.

The authors of the initiative noted that now non-cash transfers between individuals are beyond tax control, although they often represent payment for goods and services.

At the same time, the current rules limit the ability of the Federal Tax Service to request bank statements of citizens.

The bill also provides for mandatory assignment of TINs to bank account holders and control of prices for goods imported from the EAEU countries.

According to the Federal Tax Service, the adoption of the initiative will provide the budget with additional revenues of at least 49.3 billion rubles annually starting from 2027. If adopted, the law will enter into force nine months after official publication.