How to transfer money from an individual entrepreneur's account to an individual's card?

A transfer of money from an individual entrepreneur to the accounts or card of individuals may be checked by regulatory authorities. The entrepreneur will have to prove the legality of such activity.

To transfer money from a current account to the card of an individual, you need to support the transfer with an employment agreement or a service agreement.

How to transfer money from an individual entrepreneur's account to an individual's card?

The transfer must be legally justified by the activities of the individual entrepreneur:

• payment of employees' official salaries;
• payments under a civil law contract;
  
• rent or payment for services;
  
• transfer for the entrepreneur's personal expenses.

When transferring from an individual entrepreneur's current account to the entrepreneur's own card, no proof of the legality of the transaction needs to be provided. An individual may use the money at their own discretion after paying taxes and contributions to insurance funds.

When transferring from a current account to the card of the owner of the individual entrepreneur account, Personal Income Tax (PIT) is not charged if the payment purpose states that it is intended for personal needs. The main thing is that the personal details of the sender and the cardholder match.