The State Tax Service has informed its local branches of the Letter of Constitutional Court of the Russian Federation ü 4994. The Court has stated that the tax authorities are only allowed to withdraw unilaterally from taxpayers' accounts the amount of tax due and late payment interest. Penalties for concealment of taxes, profits (income) including the 10% penalty cannot be unilaterally withdrawn and the penalised taxpayer should be given (an unspecified) time to appeal to the higher authorities or the court. If the taxpayer does not exercise this option, then the money may be withdrawn.
Letter of the State Tax Service of 24 November 1997 no VK-6-18/824
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Alla Shaulina on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Alla_Shaulina@ru.coopers.com
