REGISTRATON OF VAT TAXABLE PERSONS

In the third paragraph of the article 3 of the Law on Value Added Tax is settled, that starting the taxable transactions the tax payers must register in the SRS in the register of value added tax taxable persons. The rights to unregister in the SRS in the register of value added tax taxable persons have persons whose total amount of taxable deliveries and services rendered for the previous 12 month does not exceed 10 000 lats, as well as persons, performing economic activity and whose total amount of deliveries in the territory of the EU without tax during current year does not exceed 7000 lats. The order of registration of persons of other member states of the EU in the SRS in the register of value added tax taxable persons is settled by the clauses 2-8 of the article 26 of the Law on Value Added Tax. The order of registration of persons not registered in the territory of the EU in the SRS in the register of VAT taxable persons is settled by the article 3 of the Law on Value Added Tax.

The more particular information about registration of value added tax taxable persons in the SRS you can find here:

The home page of the SRS

„INNOVATOR” LTD. will render you an aid in preparation and filing of registration documents, as well as it can represent your interests in the SRS.

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