Tax News Reporter - Week ended 8 October 1996
Presidential Decree No. 1212 of 18 August 1996 imposed an obligation, on taxpayers in arrears, to assign one bank account to be the "payment-defaulter bank account" (see our Tax Alert 10/96 of 27 August 1996) and to register this bank account with its local tax inspectorate within a week after publication of the Decree (22 August 1996). This deadline expired on 29 August, but the State Tax Service has only now published the instruction and the forms relating to the registration of the account.
It seems that the obligation to assign and register a payment defaulter bank account only applies if taxpayers were in arrears at the moment the Decree was published (22 August), and not if such arrears have accumulated after that date. No sanctions or penalties are provided for if the taxpayer fails to comply with the Decree.
Order confirmed by the State Tax Service, No. VG-4-12/56n of 30 August 1996
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Tax Arrears / Registration Of Payment Defaulter Bank Accounts
