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Personal bank accounts will be checked soon in 2020

· Tax

In 2020, with the continuous development of various tax incentives and the continuous simplification of procedures, tax inspection is becoming more and more severe!

The personal bank account of the boss of the company is no longer "safe".

Because, every flow of business private account can be found out! Once checked, tax payment is a small matter, but also to pay a large number of late fees and tax administrative fines, constitute a crime, but also to bear criminal responsibility!

In this regard, the measures for the administration of large sum transactions and suspicious transaction reports of financial institutions (order of the people's Bank of China [2016] No. 3) officially implemented on July 1, 2017 gives a clear answer.

This week, fintegrity will sort out this regulation for you:

01

How many personal bank accounts will be checked in 2020?

A. Big money transactions will be strictly checked!           

According to the measures for the administration of large amount transactions and suspicious transaction reports of financial institutions implemented on July 1, 2017, large amount transactions are as follows:

1.Cash deposit, cash withdrawal, cash settlement and sale of foreign exchange, cash exchange, cash remittance, cash bill settlement and other forms of cash receipts and payments for single or cumulative transactions of more than 50000 yuan (including 50000 yuan) and foreign currency equivalent of more than 10000 US dollars (including 10000 US dollars) on that day.

2.Transfer of single or cumulative transaction of more than 2 million yuan (including 2 million yuan) and foreign currency equivalent of more than 200000 US dollars (including 200000 US dollars) between the bank account of non natural person customer and other bank accounts on the day of occurrence.

3.Domestic transfer of single or cumulative transaction of more than 500000 yuan (including 500000 yuan) and foreign currency equivalent of more than 100000 US dollars (including 100000 US dollars) between the bank account of natural person customer and other bank accounts on the day of occurrence.

4. Cross border transfer of single or cumulative transaction of more than 200000 yuan (including 200000 yuan) and foreign currency equivalent of more than 10000 US dollars (including 10000 US dollars) on the day when the bank accounts of natural person customers and other bank accounts occur.

Simply put: these three situations will be under key supervision!

(1) A single transfer payment with an amount of more than 1 million yuan between legal persons, other organizations and individual businesses (hereinafter referred to as units);

(2) Single cash receipt and payment with an amount of more than 200000 yuan, including cash deposit, cash withdrawal and cash remittance, cash draft and cash promissory note settlement;

(3) Transfer between individual bank settlement accounts and between individual bank settlement accounts and unit bank settlement accounts with an amount of more than 200000 yuan.

In addition, if the bank finds or has reasonable reasons to suspect that the customer, the customer's funds or other assets, the customer's transactions or attempted transactions are related to criminal activities such as money laundering and terrorist financing, it shall submit a suspicious transaction report regardless of the amount of funds involved or the value of the assets.

2、Suspicious transactions will be investigated!     

If a financial institution finds or has reasonable reasons to suspect that a customer, his funds or other assets, his transactions or attempted transactions are related to money laundering, terrorist financing and other criminal activities, it shall submit a suspicious transaction report regardless of the amount of funds involved or the value of the assets.

3、 WeChat, Alipay will also be checked receivables!     

According to the notice of the people's Bank of China on the requirements for non bank payment institutions to carry out large amount transaction reporting (YF [2018] No. 125), from January 1 this year, non bank payment institutions will also submit large amount transaction reports.

That is to say, from January 1, 2019 onwards, through the three party payment agencies such as WeChat and Alipay, large transactions and suspicious transactions will also be severely investigated.

02

"Two high" emergency notice!

Personal account transfer is more dangerous

In order to punish the criminal activities of illegally engaging in fund payment and settlement business, illegally trading foreign exchange, and maintain the order of the financial market in accordance with the law, No.

Attention! The main contents are as follows:      

A. The following three situations constitute "illegal fund payment and settlement business"     

1.Fictitious payment and settlement

That is to say, using acceptance terminal or network payment interface and other methods to pay monetary funds to the designated payer by means of fictitious transaction, false price opening, transaction refund and other illegal ways;

2. Cash transfer from public to private

That is to say, illegally providing cash out of unit bank settlement account or transfer of unit bank settlement account to individual account for others;

3. Cash out of check

Commonly known as "check string cash", that is, illegally providing check cash service for others.

In addition, the fourth item of the regulation stipulates other cases of illegally engaging in fund payment and settlement business to adapt to the changing needs of payment and settlement methods.

B. If the minimum illegal income exceeds 50000 yuan, or the amount of illegal business income exceeds 2.5 million yuan, it will constitute "serious circumstances" of illegal business behavior!

If the minimum illegal income is more than 250000, or the amount of illegal business income is more than 12.5 million, the illegal business behavior will be "especially serious"!

C. If a unit illegally engages in fund payment and settlement business or illegally trades in foreign exchange, it shall be fined, and the person in charge and other persons directly responsible for it shall be convicted and punished!

Finally, fintegrity reminds you:

1. The tax bureau is merciless in checking individual accounts! Personal account payment has become the risk point of strict tax inspection. Enterprises should try to avoid private account and reduce tax risk in business activities.

2. Don't use personal bank account to hide the company's income and pay less tax!

Otherwise, once checked, it is a small matter to make up the tax, but also to pay a large number of late fees and tax administrative fines. If it constitutes a crime, it should bear criminal responsibility, and do it and cherish it!