Federal Tax Service may get the right to block the property of debtors promptly

The final consideration of the bill by the Government is scheduled for the autumn session. The State Duma promised to finalize a compromise option by this time, taking into account the comments of entrepreneurs.

Maxim Simonov, Partner and Head of Tax Practice at Duvernoix Legal, shared his opinion on the legislative initiative:

"Businesses will definitely have limited functionality and the ability to use their assets without regard to the tax authorities, without fear that they will one day be immediately frozen by inspectors for some reason. For tax authorities, this can become a very effective tool, because you will not have to go to court and prove the validity of tax assessments through multiple court sessions, apply for property recovery, including to the bailiff service. It will be possible to freeze the assets of non-payers promptly enough."

Source: Business FM
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