Tax authorities will have the ability to suspend account transactions if a business is found to be in violation of regulations.

If an entrepreneur acknowledges the fact of a tax violation, the tax authority gains the right to independently suspend operations on their bank accounts.

However, if the taxpayer disagrees with the accusation and files an objection, the decision on this matter will be made through judicial proceedings in strict accordance with current legislation.

The introduction of this measure will be possible after the corresponding amendments are made to the Tax Code.

According to current regulations, if the taxpayer does not submit tax reports within ten days after the established deadline, the tax authorities are entitled to suspend their banking operations.

However, the duration of such a restriction cannot exceed ten days.

If an extension of this period is necessary, any further account blocking can only be done based on a court decision.