Monday, November 25, 2019

Benefits of “In-depth Cooperation Programme” in Latvia

You already read about “In-depth Cooperation Programme” in Latvia.
We want to go deeper and tell you about the benefits of three levels in accordance with activity.These levels are Bronze, Silver and Gold.

All levels get:
Program’s Participant identification mark from State Revenue Service;
A non-excise prize chosen by a Program’s Participant that is awarded to a winner of a check lottery by a Member of the “In-depth Cooperation Programme;
Service department will be eligible to submit system modified version  of a Program’s Participant with a tax risk management system for compliance check no later than six months after receiving the previous compliance check opinion;
After evaluating the technical documentation of the program’s changes and establishing that the program’s changes are significant, the SRS will determine the deadline for submitting the cash system version of the program for inspection.

Silver and Gold levels can get only:
Response to written request - within 10 working days;
Answer to telephone and electronic question in Electronic declaration system - within 7 working days;
The SRS shall refund the overpaid value added tax within 10 working days;
Advantages of the application of the general rate of excise duty;

Gold level brings even more benefits:
SRS provides individual State Revenue Service consultant - contact person;
On the initiative of taxpayers, the State Revenue Service organizes an external seminar with the taxpayer, assessing the availability of resources and the complexity of the issue;
Program’s Participant  may be invited to attend meetings of the Advisory Board of the State Revenue Service;
If employees of company from Gold-level have no identified risks are users of the Electronic Declaration System, submit their annual income tax return to the Electronic Declaration System, then they can receive personal income tax refunds within one month (rather than three months).

Are the benefits seem impressive for you?

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