Suspicious Bank Activities Under Scrutiny

A new directive concerning direct tax regulations has been issued, which enables the Iran National Tax Administration to identify taxpayers and their incomes, announced an official with INTA. “The new directive will allow INTA to access taxpayer’s turnover and the annual balance of all their bank accounts, deposits and interests,” Ali Rostampour was quoted as saying by Banker.ir. The official noted that INTA, as an executive body fighting money laundering and terrorism financing, can have access to details of suspicious banking transactions of taxpayers, if approved by the Ministry of Economic Affairs and Finance. Rostampour noted that INTA launched a data center to collect taxpayer data about four years ago and has made preparations to exchange information.