On February 20th the Government approved a draft amendment to the Law on Taxes regarding attachment of bank accounts by tax authorities. The amendment clarifies that funds on a bank account shall be blocked only to the extent of assessed tax liabilities. It also prevents unnecessary attachment of multiple accounts held by the taxpayer in one or several banks.

By | 2014-08-23T11:50:49+00:00 April 14th, 2014|Taxation|Comments Off on Attachment of bank accounts will be streamlined

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