How can assist the SRS?

Every enterprise operating legal business in Latvia is related to the State Revenue Service (SRS), since this institution ensures accounting of taxpayers, collection of various taxes, duties and other mandatory nationwide fees, as well as collection of payments for the budget of the European Union, and deals with various customs affairs. In which cases you may need to contact the SRS and how can this institution eventually assist the entrepreneurs?

Basic tasks of the SRS

For better understanding of the cases, when a business representative may need to contacts the SRS, it is useful to remember the most significant tasks and functions of the SRS:

–           Collection of taxes and other mandatory payments;

–           Protection of customs borders, implementation of customs policy;

–           Prevention of possible criminal offences in the area of taxes and other mandatory nationwide payments;

–           Consulting taxpayers in application of regulatory enactments;

–           Registration and accounting of taxpayers, and control of registration documents;

–           Ensuring circulation of excise goods and execution of the relevant regulatory enactments.

Keeping pace with the time

It is positive factor, that the SRS keeps its pace with the time, and, in its cooperation with taxpayers, becomes a more modern institution. The aforementioned is confirmed both by constant improvements in the electronic declaration system (EDS), and introduction of the “Consult first” principle, which is aimed at advising instead of punishing entrepreneurs and building new barriers.

Advisory functions

It is crucial to remember that the SRS is not just a controlling institution, it executes also advisory functions. How to use them? The institution may be contacted by phone to receive consultations concerning operational matters. We would rather recommend using e-mail, because, in such a way, it will be later possible to confirm that such a recommendation has been received. If the matter in question is more complicated, you can ask the institution to prepare a reference. By using a reference, an individual can find out opinion of the SRS on application of customs law in specific cases. In order to receive such a reference, an application must be submitted to the institution.

Tax consultations

In case of any uncertainties in cooperation with the SRS, or doubt concerning application of regulatory enactments or specific postings, we are always ready to cooperate and provide our recommendations and tax consultations, since we have been working in this area for many years and successfully dealt with a number of complicated situations. The main thing is your wish to search for a solution.