The project “Cross-border cooperation on the electronic exchange of tax information in the Baltic Sea Region”was designed to make preparations for a fast and secure exchange of tax related information between national tax authorities in the Baltic Sea region.
Linking national databases provides vast benefits, as tax information can be automatically transmitted and queries made without delay to databases in other countries. Need-based queries and faster access to relevant data would allow for significant savings in time and money not only for tax authorities, but also for citizens who are engaged in economic activity beyond their country of residence. A joint data exchange platform would also help relevant authorities cooperate more closely and effectively on the issues of tax fraud and tax evasion.
The consortium behind this project gathers tax authorities and state agencies responsible for the development and maintenance of state information systems from three Baltic Sea region countries – Estonia, Sweden and Latvia.