plans to extend the powers of the BSS in the field of electronic commerce

3. In July, the Council of Ministers approved amendments to the Law on Taxes. The bill plans to improve the availability of the National Tax Service (SRS) for information relating to economic activities in the field of the digital economy. The law will be amended by the Saeima.

More and more business goes through websites and mobile applications, and traditional tax administration methods are not always effective enough in the digital economy. According to the Ministry of Finance, in the process of tax administration, it is necessary to strengthen the appropriate methods and regulations for tax audit of taxpayers who earn income by offering goods or services over the Internet.

The bill plans to improve the availability of SRS for economic activities field. To this end, the definition of the term "structural unit" has been broadened, improving access to information on websites and delivery platforms for goods or services.

Similarly, the bill expands the scope of application. data on third parties in their possession. New entities, which are required to provide information to the BSS, are postal service providers whose information will facilitate the fight against unregistered economic activity. Information on undeclared transactions will facilitate the payment of value added tax when it is payable to foreign companies that provide goods or services to Latvia using information on undeclared transactions. l & # 39; Internet. The amendment of the law aims to improve and make more effective the regulation on the disconnection of the domain name by motivating the statutory subjects to comply with the law and to provide the information available to them on the economic activities of others. people. The amendments to the law provide the SRS with the right to deactivate the domain name if the taxpayer offers goods or services on the site for which remote marketing is prohibited. Likewise, a domain name can be disabled if the performer of an economic activity is not identifiable from the data indicated on the site, significantly hindering the ability to verify that taxes are paid to the state budget. The SRS will also have the right to close the domain name if the alert has already been sent to the same breach in the last 12 months and that it has not been corrected.

The Saeima will consider amendments to the law, the bill will be searchable [ad_2]
Source link