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SRS to provide support for taxpayers impacted by floods

Photo: rezekneszinas.lv.
Latvia’s State Revenue Service invites farmers in Latgale, Zemgale and Vidzeme who suffered losses because of damages caused by floods this summer to turn to SRS and use available state support.

«Farmers whose tax payments were delayed because of heavy rainfall and floods have the right to ask SRS to divide payments into instalments or schedule a new payment term,» BNN was told by SRS.
 

In addition to an official written request to SRS, farmers have to provide proof of exceptional circumstances. If tax payments are divided into instalments, no penalties will be applied on top.
 

Companies that were affected by extreme weather conditions indirectly have the right to use the option detailed in first part of Section 24 of the Law on Taxes and Duties on dividing tax payment for a term of up to one year.
 

In this case, taxpayers have to turn to SRS with a written request no later than one month after the payment deadline.
 

As for tax debts already enforced by SRS, farmers have the right to submit a written request, asking the institution to decide on voluntary repayment of delayed taxes by establishing a repayment deadline for up to three years, BNN was informed by SRS.
 

SRS mentions that it is possible to apply the aforementioned section of the law if the decision regarding enforcement of unpaid tax was not made six months prior to residents submitting tax payment rescheduling requests and as long as taxpayers are not subjected to insolvency or involved in out-of-court redress procedures.
 

Also farmers and other taxpayers have to opportunity to avoid fines if they pay the full amount of the base debt. Farmers and other taxpayers will be able to apply for the aforementioned solution starting from 1 October until 31 December.

BNN

06-09-2017
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