Ministry of Finance Will Penalize Businesses That Receive Payments with IBAN

Now, whether you go to a restaurant, buy clothes, or even shop for technological products, business owners, instead of taking the money from the card to get rid of the tax burden. to their IBAN may ask you to send it. The fact that there is no sanction for this situation, which is encountered more and more every day, has caused those who do their job properly to react. Fortunately, the Ministry of Finance made the long-awaited move.

Businesses that unregister their earnings via IBAN can now When they do not accept payment by card and want a transfer to IBAN They will be punished. To detect these, tax inspectors will follow the money entering their bank accounts. If payments are constantly coming from different people to a person’s account, the account holders in question will be penalized.

It is not clear where the bank account to which the IBAN is linked is used.

According to the sources based on Hürriyet, in every sector, especially small tradesmen, IBAN method widespread. It was reported that many IBAN cases were detected, especially since there were no stock problems in the service sector. In the cases in question, business owners do not issue receipts and invoices to avoid taxes, and they receive payment with IBAN for this.

Tax inspectors are both upon complaint as well as by monitoring account activity will detect cases. It is not yet clear how the size and amount of the fine will change. But when that issue becomes clear, we will share it with you. Minister of Treasury and Finance Mehmet Şimşek said, “We will continue to pursue those who gain unfair profits by causing tax loss and evasion and those who create unfair competition.“He made a statement regarding the situation.

Do you think this method will be a deterrent?