CEE Legal Matters: Changes to the Tax Control System in Latvia

2024 - 01 - 23
Article by: Sandija Novicka

Amendments to the Latvian Taxes and Duties Law came into effect on June 30, 2023. The aim of these amendments was to enhance the efficiency of the tax control system.

Following these amendments, the number of tax control types has been reduced from five to two: tax control and tax audit. Tax control is a new procedure designed to identify and rectify relatively simple cases of tax non-compliance. The entire tax control procedure should not exceed four months. During this process, the taxpayer has one month to voluntarily rectify the situation (i.e., amend the tax returns and pay the missing portion of the tax amounts) or explain the situation and convince the tax authority that there is no tax non-compliance.

Read the article in full here: ceelegalmatters.com