Almost everyone has some kind of current account or bank account. They record money transfers, savings and other financial transactions and reflect the accounts and balances kept on the basis of these transactions.
The tax account maintained by NTCA is a similar type of account, with the difference that it also displays not only individual payments, disbursements and transfers between accounts, but also liabilities, claims for refund, certain claims for subsidies and cash-flow items to be entered in the accounts (payments/transfers). The register is used to show these items in detail or at a balance level.
| The definition of a tax account is regulated in Section 7 (5) of Act CL of 2017 on the Rules of Taxation. |