Moscow to implement an electronic tax administration system

The Federal Tax Service plans to start implementing an electronic system to monitor the payment of taxes in real time. The automated tax administration system will monitor only those taxes which citizens pay themselves, namely the transport, land, and real estate taxes. Simultaneously with sending a payment order to a citizen, the system will automatically send its electronic copy to the bank where the database of future payments will be formed. As soon as the bank receives taxes, information will be electronically transmitted to the tax authorities. Despite the new system's obvious convenience, its economic effectiveness raises doubts. The taxes in question form a small percentage of budgetary receipts, while system administration costs may turn out significantly higher.