Clarification on the Project Related to the Taxation of Individual Entrepreneurs

Dear clients,

Due to different interpretations in the media and on social networks, Spitamen Bank clarifies: the pilot project related to the taxation of individual entrepreneurs does not apply to personal money transfers between citizens.

Transfers between family members, relatives, friends and other individuals, if they are not commercial in nature, are not subject to taxation.

The project is aimed at supporting individual entrepreneurs, simplifying taxation processes and developing cashless payments. Within the project, the tax rate for individual entrepreneurs is expected to be reduced from 6% to 3%, with tax calculation carried out automatically.

A 1% refund to the buyer/payer is also planned to encourage cashless payments.

The use of electronic wallets, bank cards and other payment instruments remains safe. Banking secrecy is ensured in accordance with the law.

We ask citizens and entrepreneurs not to trust rumors and to rely only on official information.

Spitamen Bank will continue to inform clients as additional information becomes available.