The Tax Committee clarified the project for banks to transmit information to tax authorities, dispelling misunderstandings in society.
A new draft resolution regarding the procedure for banks to transfer information to tax authorities has sparked heated debates on social networks and in the mass media. Zamin.uz reported on this.
Some sources interpreted this initiative as an attempt to monitor citizens' personal deposits. The Tax Committee issued an official statement regarding this situation, clarifying the questions that arose in the public and explaining that the concerns are unfounded.
The Tax Committee noted that in some mass media, this project was presented as an initiative related only to the deposits of individuals. According to the official explanation, such an approach does not reflect the actual content of the document at all and is misleading.
The main goal of the project is to regulate the process of providing information necessary for exercising tax control. The new document does not grant any additional powers to the tax authorities and does not provide for free access to citizens' bank accounts.
The project defines specific deadlines, forms, and the electronic format for the transfer of information. Banks may provide information to tax authorities only within the cases and procedures specified in the current legislation.
These legal grounds are strictly established by Article 134 of the Tax Code and the Law on Banking Secrecy. The issue that most concerned the general public was the confidentiality of the information.
The Committee reminded that the legislative requirements in this regard are very strict. All information received from banks by the tax authorities is legally considered a tax secret.
The disclosure of this information, its provision to third parties, or its use for purposes other than the designated one is strictly prohibited by law. Such an exchange of information between banks and tax authorities is not a new invention of Uzbekistan.
This is a system widely used in international practice. In particular, in the countries of the Organisation for Economic Co-operation and Development, such mechanisms are considered one of the primary tools for combating the shadow economy and ensuring tax transparency.
Uzbekistan is also an active member of the global forum on transparency and exchange of information for tax purposes. The Tax Committee stated that this draft resolution has not yet been adopted but has been put forward for public discussion.
The agency called upon all citizens, entrepreneurs, independent experts, and mass media representatives to participate in this discussion.
