The Ministry of Finance wants to strengthen control over transfers between individuals - in order to identify the gray income of Russians

The Ministry of Finance has prepared a bill to expand data exchange between the Federal Tax Service (FTS) and the Bank of Russia. The goal is to identify citizens’ income received through transfers from other individuals. The document was submitted to the government, Vedomostireviewed it.

Now transfers between citizens are generally not subject to tax, since they are formally considered gratuitous receipts. However, in practice, such “gifts” are often disguised as payments for transactions - for example, for rental housing, as stated in the explanatory note to the bill.

The document assumes that the Federal Tax Service will transmit information received from banks to the Central Bank, and the Central Bank will be able, based on this data, to compare a map of a person’s financial assets with the flow of his transactions and identify anomalies.

The key identifier in data exchange will be the taxpayer identification number (TIN). This will make it possible to link information about the accounts, transactions and income of one person in different systems, Vedomosti writes.