Law “On taxes and duties”.

This Law determines the principles of the tax and fee system, types of state taxes, types of fees, objects of local government fees, the procedure for determining, calculating, collecting and refunding taxes and fees, the rights and obligations of tax and fee payers and tax administrations, as well as the state fee administration and local government fee administration, the classification and registration procedure of taxpayers, the procedure for contesting and appealing decisions taken in tax and fee matters, the procedure for exchanging information in the field of taxes, electronic information recording and the procedure for its use, as well as liability for tax violations, including determining administrative violations in the field of taxes, the penalties applicable to them and the competence in applying penalties. This Law primarily addresses the legal responsibilities of board members of legal entities in relation to overdue tax payments. It outlines the conditions under which board members may be held liable for tax debts, emphasizing the importance of compliance with tax obligations as a fundamental legal principle. The broader context includes adherence to the Latvian Tax Law and the Bankruptcy Law, which govern the financial responsibilities of legal entities and their representatives. It specifies several criteria that must be met for a board member to be held accountable for overdue tax payments. These include the total amount of overdue taxes exceeding 50 times the minimum monthly wage, notification of the tax collection decision to the legal entity, evidence of asset disposal by the entity after tax audits, and the failure to submit a bankruptcy application as required by law. It also highlights the necessity for a report on the impossibility of tax collection to be prepared, indicating a structured approach to tax compliance and enforcement. The implementation of these measures involves the tax administration's authority to request information from taxpayers within a specified timeframe, not exceeding 30 days. The document also touches on procedural aspects, such as the need for detailed documentation and compliance with international agreements in tax matters. Stakeholder involvement is implied through the requirement for board members to actively manage tax obligations and respond to administrative inquiries, ensuring accountability within the legal framework.