Enhanced Taxpayer Privacy: New Rules for Third-Party Information Requests
This act changes how the tax authority can obtain information about you from third parties, such as banks or employers. It increases your right to know what specific data is being sought and gives you more time to provide it yourself before the authority contacts others. This aims to better protect your privacy and ensure greater transparency in the authority's actions.
Key points
The tax authority must now clearly specify what exact information it seeks from third parties if you can provide it yourself.
You get at least 45 days to provide the requested information yourself before the authority contacts other individuals or institutions.
The act takes effect 12 months after its enactment, allowing time for adaptation to the new rules.
Status:
Introduced
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