The annual income tax return for income earned in 2013 must be submitted by June 2, 2014.

Several categories of residents must submit an annual income declaration for income earned in 2013 within the next two weeks, by June 2, 2014 inclusive.

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To make filling out the annual income tax return more convenient and simpler, the SRS encourages you to do it electronically, using the SRS Electronic Declaration System (EDS).

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The SRS reminds that an annual income declaration for income earned in 2013 must be submitted by June 2, 2014, to those residents of Latvia who have engaged in economic activity, for example, are owners of an individual enterprise, rent out their property, are owners of a farm, have earned income from professional activities, etc., have earned income abroad, including persons (seafarers) who have been employed on a ship used in international transport.

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Similarly, an annual income declaration must be submitted by June 2 to those who have earned non-taxable income that in total exceeded 2,160 lats (3,073 euros) in 2013, for example, income from the sale of personal property, have earned income that is taxable at the 10% tax rate, for example, income from capital, income from the sale of growing forest or timber, and from which tax has not been withheld at the place of payment of the income, have earned other taxable income from which tax has not been withheld at the place of payment, including gifts received from individuals that are taxable at the personal income tax rate.

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The SRS draws attention to the fact that when completing the annual income declaration for 2013, the amounts included in it must be indicated in lats and santims. In turn, if a taxpayer has to make a tax payment or tax refund based on the declaration, then the payment to the budget or refund from the budget, respectively, must be made in euros, and the EDS will automatically convert this amount calculated in lats into euros at the exchange rate set by the Council of Europe – 0.702804 – and will display it in the annual income declaration next to the calculated tax amount or tax refund amount.

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The SRS invites residents to submit their annual income declaration in a convenient and secure manner at any convenient time and place electronically, using the EDS. To become an EDS user, a person must fill out an application and conclude an agreement with the SRS by May 31, 2014. The application and agreement are available on the SRS website in the section “Useful/ Electronic Declaration System (EDS)/ How to become an EDS user?”.

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To apply for signing an EDS contract at a specific SRS customer service center and time, you just need to call the relevant customer service center and agree with the consultant on the most suitable date and time for signing the contract. If necessary, the consultant will also show you how to practically work with EDS. The SRS website also has video instructions, which explain step by step how to submit an annual income declaration electronically.

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After concluding the contract, an identifier and initial password will be sent to the user's email address specified in the application within five working days to enable them to start working in the EDS.

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In turn, individuals who do not engage in any type of economic activity and voluntarily wish to submit an annual income declaration in order to receive a refund of overpaid personal income tax for eligible expenses (paid for educational and medical services, contributions to pension funds, insurance premium payments made in accordance with a life insurance contract, etc.) can submit an annual income declaration for 2013 together with supporting documents (checks and receipts) until June 16, 2017. Similarly, during 2014, overpaid personal income tax for 2011 and 2012 can still be claimed.

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Source: LETA