Additional obligation on banks
Information on transactions carried out through the accounts of VAT registered taxpayers should be submitted by the banks to the respective executive authority by 10th of each month. Risky taxpayers and transaction without substance concepts and related provisions
Risky taxpayers and transaction without substance terms are considered to be added in the Tax Code.
A non-commodity transaction is an operation discovered in the course of tax control, designed to disguise another transaction, and in fact is formalized to generate profit without the provision of goods, works and services. Criteria for identifying a risky taxpayer are expected to be published as a separate guideline
Source PWC
