On 1 March 2013, the Ministry of Finance issued Letter No. 03-02-07/1/10-3082 clarifying the procedure to be followed by banks and other financial institutions if a bank account is suspended at the request of the tax authorities.

As a general rule, if tax liabilities are due and not paid in time, tax authorities may ask the bank to suspend the bank accounts of these taxpayers, subject to the fulfillment of a specific documentation.

In such a situation, the Ministry of Finance clarified that banks must not execute any other transactions ordered and approved by the bank account holder, except for paying taxes, fines and customs duties that are due.

Also, the banks must not open other bank accounts for these clients if they have at least one bank account suspended by the tax authorities.

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