The Central Bank recommended banks to inform their customers about the suspension of transactions on their accounts by the decision of the tax authority.
In the methodological recommendations dated December 24, 2019 No. 29-MR of the Central Bank of the Russian Federation, it is recalled that Article 76 of the Tax Code of the Russian Federation gives the right to tax authorities to decide on the suspension of operations on bank accounts and electronic money transfers of organizations and individual entrepreneurs. Such a decision of the tax authority is subject to unconditional execution by the bank.
In order to increase the efficiency of communicating to organizations and individual entrepreneurs information on the fact of suspension of operations on their accounts in banks by decision of the tax authority, the Central Bank of the Russian Federation recommends credit organizations to immediately inform the client about such suspension upon receipt of this decision.