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Sberbank to join tax monitoring - EastRussia | Far East

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Sberbank joins tax monitoring

Sberbank joins tax monitoring
Photo: pixabay.com

Sberbank plans to join tax monitoring. For this, a special tax portal was developed, which will work from January 1 on 2020 of the year.

Sberbank President German Gref noted that this model of cooperation is consistent with the concept of a service state and is an example of improving public administration in Russia. And the Federal Tax Service said that the new format will guarantee the high quality of state tax control.

The new technology platform will provide the tax service with online access to tax and accounting data of the bank. Enhanced forecasting and factor analysis of the tax base will become available to inspectors. This will allow tens of times to increase the speed of verification of millions of transactions and ensure maximum accuracy of tax control and timely payment of taxes.