Due to the development of information technologies, dishonest taxpayers can build more complex tax fraud schemes but at the same time tax administrations can react more quickly to the actions taken by fraudulent taxpayers. Time is a very important aspect in the fight of tax administrations against the tax fraud activities carried out by the missing trader; therefore, an effective fight requires a faster tax non-compliance risk analysis and a mutually agreed action programme between the tax administrations and other state institutions. As a result of this research, solutions are offered for closer cooperation between the State Revenue Service and the Register of Enterprises of the Republic of Latvia and for enhancing the Rapid Alert System, which would promote improving tax administration’s work in identifying “missing traders”. This means that the Register of Enterprises of the Republic of Latvia needs to develop a risk taxpayer’s profile and introduce a risk management system in the company registration process in the Register of Enterprises, and also reduce the possibility of including inappropriate facts in the commercial register in order to limit the possibilities for the registration or re-registration of commercial companies, whose true business goal is participation in VAT fraud schemes.