Abstract

The lawmaker introduced new regulations to tax ordinance. Their aim is to counteract the use of financial sector for fiscal extortions. The new regulations define objective scope andset of entities upon which new duties were laid.

The consequences of their introduction is giving powers to the chief of the National Revenue Administration and laying new duties primarily upon clearing houses, banks and credit unions. Applying analyzed regulations may also lead to blocking accounts of eligible counterparties, to whichwe can classify entities subordinate to provisions of the law on freedom of establishment and those who are not entrepreneurs.The article also analyzes new rules of awarding financial penalties to entities of financial market for violation of commitment incumbent on them.