Each VAT payer who is registered on 15 November 2021 (i.e. pursuant to Article 4 or Article 5) is obliged to notify the Financial Administration of the bank account number (domestic and foreign) used to receive payments in connection with transactions subject to VAT by 30 November 2021, at the latest.
The notification shall be made by the taxpayer on a pre-filled form which will be published in the electronic forms. The accounts which have been communicated to the Financial Administration shall be pre-filled in the form.
In the event of the creation of a new taxpayer or the creation of a new bank account, this obligation must be fulfilled without delay, at the latest before the payer starts to use it for business. The taxpayer is also obliged to notify Financial Administration of any amendment or cancellation related to the bank accounts.
In the situation that taxpayer uses a bank account registered by a payment service provider to another person to receive payments in connection with VAT, he/she is obliged to report that account to the Financial Administration. At the same time, the owner of such a bank account assumes joint and several responsibility for the payment of the taxpayer's liability.
The list of reported bank accounts together with the identification data of the taxpayers will be published and regularly updated on the website of the Financial Administration from 1.1.2022.
In the event of failure to fulfil those obligations, or incorrect, false or incomplete information, the taxpayer may be fined up to EUR 10 000.