ARTICLE 32 E: OBLIGATIONS OF LEGAL ENTITIES AUTHORIZED TO ISSUE CREDIT, DEBIT OR SERVICE CARDS OR ELECTRONIC WALLETS

Legal entities that issue credit, debit, service cards or so-called electronic wallets authorized by the Service Tax Administration (Servicio de Administración Tributaria) must issue the account statements (CFF: Art. 84I) (CFF: Art. 84J) in terms of the applicable provisions.

In those cases in which the tax authorities have initiated the exercise of their faculties of verification with respect to a taxpayer, they may choose to apply directly to the financial institutions, cooperative savings and loan companies and legal entities that issue credit, debit or service cards or electronic wallets, the information contained in the statement of account (CFF: Art. 84K) (CFF: Art. 84L), provided that said authorities have the name of the institution or legal entity and specify the account number and the name of the account holder or user, for the purpose of verifying the information contained therein, in accordance with the applicable provisions .

Sending information (CFF: Art. 84A) (CFF: Art. 84B) indicated in the previous paragraph will be through the means established by the Service Tax Administration (Servicio de Administración Tributaria) through general provisions.