A new warning has been introduced in VID EDS regarding the declaration of income earned abroad
The Latvian tax authority has implemented a new warning in its electronic declaration system for tax payers regarding the requirement to declare foreign income.
VMI: declaring investment accounts will start at the beginning of April
The Lithuanian tax authorities announced that the declaration process for investment accounts will commence in early April, offering taxpayers the ability to report investments made in these accounts retroactively for 2025 and previous years.
On the first day, one-fifth of income declarations submitted
On the first day of income declaration submissions in Latvia, the electronic filing system experienced minor slowdowns, but overall performance was stable.
On the first day, about 202,000 income declarations were submitted
On the first day of income declaration submissions, approximately 202,000 declarations were filed in Latvia, despite initial slowdowns in the electronic system due to high traffic.
Approximately 202,000 income declarations submitted on the first day
On the first day of income declaration submissions in Latvia, around 202,000 declarations were filed, accounting for about one-fifth of the expected annual submissions.
By Monday morning, nearly 210,500 income declarations submitted to VID
As of Monday morning, the State Revenue Service (VID) reported the submission of about 210,500 income declarations, indicating a significant response on the first day of filing.
In the first nine hours, more than 73 thousand annual income declarations have been submitted
Since midnight, 73,500 individuals have submitted annual income declarations through the Electronic Declaration System, which is an increase compared to last year.
Income declaration from last year began on Monday
On Monday, the declaration of income earned last year commenced in Estonia, facing initial challenges due to a heavy load on the electronic tax system.
SRS: Submitting the income declaration may not lead to overpayment of personal income tax for some residents
The Latvian State Revenue Service has stated that some residents may not see an overpayment of personal income tax when filing their income declarations due to changes in tax regulation rather than errors in their declarations or the electronic filing system.