Here are the risks and what to watch out for

Paying money into the bank is a rare process, but taxpayers should remember that these operations are carried out under the watchful eye of the tax authorities.

The law allows the payment of money in the bank without restrictions on the amount, but attention should be paid to obligations of a financial nature. The taxpayer must be able to prove that he paid the taxes associated with that money.

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Perhaps not everyone knows that account holders should always be aware if this happens money payments On the current account or at the post office. In fact, around the corner there are potential risks related to investigations and oversight by the revenue agency.

The point is very simple: the risk of accusation Tax evasion From Inland Revenue is not far off in these circumstances – especially in cases where you cannot prove the source of this money with written documents. The tax regulations on the topic speak for themselves: money paid in a credit institution or at the post office can be considered by the tax authorities as a clear indication of a violation of the rules for paying taxes. It is the presumption of tax evasion and against it it is the duty of the taxpayer to defend himself and justify the process.

So let’s take a closer look at the problem, trying to highlight how to pay money into the bank without risk.

Paying money in the bank: proof of the taxpayer and the limits of the process

As we just mentioned, tax rules protect first and foremostrevenue agency Thus, it is clear that in the absence of evidence of compliance with tax obligations on this issue, a notice of appreciation can be sent to the taxpayer who pays the money to the bank or post office, with the obligation to pay the tax. and the penalties arising therefrom.

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We emphasize that at the quantitative level, the taxpayer’s account holder does not have to respect certain restrictions. In fact, there is no rule that imposes a maximum amount of money paid in the bank. However, we must point out that the taxpayer must be able to prove that the money is not related to tax evasion. L ‘burden of proof Actually weighs him down.

To confirm this setting that favors the tax authorities, there is a rule of TUIR, on the basis of which all payments of money to the current account or credits obtained by bank transfer are alleged “Revenues”. For being so, they must be taxed.

And we must not forget that the revenue agency can easily control the flow of funds to and from the current accounts of citizens thanks to the so-called. Register of current accounts (bank and postal) i.e.Record financial reports“. It is a giant database in which the banks themselves and the post offices, every year, enter all the information on the relations with all their customers – and therefore also information on payments.

How should the taxpayer act?

Based on what has just been said, the taxpayer must know that he is required to perform specific behaviors – in order to avoid consequences with the tax authorities. Here’s what to do:

  • o declare the money on her tax return, by way of taxable income, and pay related taxes according to her personal income tax bracket;
  • Or he must be able to demonstrate in a tax audit that he is income that has already been taxed at the source or that no tax has to be paid (such as a donation).
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The taxpayer would do well to pay attention to it tax obligations At stake, since thanks to the above-mentioned record of financial relations, the revenue agency can find out everything the taxpayer has done with his checking account – including cash or cash payments. And if it identifies a suspicious transaction – or a discrepancy between your tax return and payment – it will take effect without delay against the taxpayer. In other words, if the office realizes that the payment amount was not reported on the tax return, thenTax estimate. This happens without prior notice or warning to the taxpayer.

In fact, the latter would then have to challenge the assessment in court, explaining and establishing that the money paid was the result of tax-exempt income or that there were already taxes at the source on the cash paid—that is, before it was handed over to the taxpayer.

Paying money in the bank: deposits in small amounts do not determine the initiative of the tax authorities

However, in conclusion, we cannot fail to mention that it is true that financial management cannot take the lead on every potential deal that is in danger of being evaded. There are no regulatory prospects for the tax authorities and this would also be uneconomical.

This is why checks will focus on paying larger amounts of money (especially if they are frequent throughout the year). Hence those who pay a few hundred euros from time to time should not run the real risk of a tax check.

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Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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