Latvia

When a company has the obligation to register, the owners will be required to complete and submit a VAT registration form, along with supporting documentation: 

• Certificate of incorporation 
• Trade register extract 
• VAT certificate 
• Articles of Associations 
• An explanation of the economic activities of the company in Latvia/ Estonia 
• A bank identification document  
• If the company is appointing a local tax agent or Fiscal Representative, then a Letter of Authority or Power of Attorney 

All the docs should be translated to Latvian language. 

The Intra-community VAT number should be received under separate application. 

There is no need to appoint fiscal representative in order to handle all formalities related to VAT registration and filling.  

Records about performed transactions must be kept in order to check the correctness of tax returns and payments. The retention period for the records is ten years. 

The VAT due must be paid before the 20th day of the month following the period. 

VAT return should be submitted on the following taxation period: 

 One calendar month: 

1. To a registered taxpayer who has been registered in the SRS VAT payer Register during the taxation year and it shall be preserved six calendar months.
2. If the value of taxable transactions in the pre-taxation year or in the taxation year exceeds  50 000 EUR.
3. If supplies of goods are carried out in the territory of European Union (including the participation in supplies of goods referred to in Section 4, Art 16 of the VAT law) or if services are rendered to taxpayers of other Member States the place of supply of which is determined by Section 1, Art 19 of the VAT law.
4. VAT group and fiscal representative. 

One calendar quarter: 

1. To a registered taxpayer who has been registered in the SRS VAT payer Register during the taxation year if its value of taxable transactions does not exceed 50 000 EUR during the taxation year and if the taxpayer does not supply goods in the territory of the European Union and does not provide services to taxpayers of other Member States the place of supply of which is determined by Section 1, Art 19 of the VAT law.
2. To a registered taxpayer whose value of taxable transactions in the pre-taxation year exceeds  14 228,72 EUR but does not exceed  50 000 EUR, and who does not carry out supplies of goods in the territory of European Union or does not render services to taxpayers of other Member States the place of supply of which is determined by Section 1, Art 19 of the VAT law.