Tax payments

State budget accounts

Use the SRS unified tax account for regular taxes administered by the Latvian State Revenue Service. Old tax-specific accounts should not be used for these payments.

Current SRS unified tax account

Since 1 January 2021, payments of taxes administered by the SRS have generally been made to a single tax account. The former separate VAT, VSAOI, IIN and UIN accounts should not be used for routine tax payments.

Recipient STATE BUDGET (VID)
Registration no. 90000010008
Beneficiary institution State Treasury
BIC TRELLV22
Account LV33TREL1060000300000
Deadline Usually by the 23rd of the month of submission of the report, if the specific tax is payable in the unified account.

Taxes and fees administered by the SRS payable in the single account

The list below follows the public SRS guidance. Always check the amount and due date in the “Payments” section of EDS.

1 Personal income tax
2 Corporate income tax
3 Value added tax
4 Excise tax
5 natural resources tax
6 Lottery and gambling tax
7 State social insurance mandatory contributions
8 Electricity tax
9 Micro business tax
10 Tax on subsidized electricity
11 Business risk state fee
12 State fee for the right to use numbering
13 Reduced patent fees

What not to pay automatically to this account

The single account is not universal for all possible payments. Before paying a fee, penalty, customs fee or municipality payment, the specific payment method should be checked.

  • Real estate tax is not payable in the unified account; that to be paid into the municipal budget account.
  • Light vehicle operating tax payments, when conducting transactions in CSDD, the State Treasury can pay, but not how regular VID single account payment.
  • Customs payments can be paid in the unified account starting from 2027. a year; until then, customs/EMDAS indications should be checked.
  • State fees, fines and payments from other institutions may be separate Treasury accounts.

Payment reference details

VID indicates that the information in the payment destination field is generally not affected distribution of money, because the amount automatically section SRS information system. The exception is payments with a special identifier.

  • Check whether the payer has the same registration number as the have obligations.
  • It is better to make the payment according to the details prepared by EDS or list of obligations.
  • Do not write old accounts from 2015 lists without checking.
  • Saves the bank payment order and EDS printout of the posting for justification.

How the SRS allocates a payment

  • The contribution is allocated to the liabilities on a FIFO basis: first oldest commitment.
  • The principal amount is covered first, then the late fee, after that penalty, if any.
  • If the contribution is greater than the liability, the overpayment waits for the next one term or can be requested to be refunded EDS.
  • If there is a tax debt, the overpayment automatically covers the debt and no more not freely recoverable.
FAQ

Frequently asked questions about state budget accounts

Answers to help you check before paying taxes or duties recipient, purpose and details.

How to choose the right state budget account?

The payment method should be determined and the one specifically intended for it should be used account or unified tax account if the particular payment can be done in it. The details should be compared with the actual institution information.

What should be entered in the payment reference?

The purpose should include information by which the institution can make the payment identify: taxpayer or case identifier, payment method, period or otherwise required in the notice justification.

What to do if the payment was made to the wrong account?

You must contact the relevant institution, provide payment details and the procedure for rebooking or repayment must be clarified. If approaching deadline, it is necessary to assess whether the correct payment should be made again, to avoid debt.

Can I save the account number in the payment template?

You can, but before each important payment you should check whether details and payment procedure have not changed. Old banks template is not considered official current information the source.

What taxes must be paid in the single tax account?

Payments are made in the unified tax account in accordance with the regulations VID administered taxes and payments. For individual fees, customs charges or other authority requirements may be different accounts, so the payment method should be checked before the transfer.

When is the tax payment considered timely?

Timeliness is determined by when the payment reaches the relevant state budget account under the applicable rules, not when the company creates the payment order. Allow enough time for the bank to process the transfer.

Why must the taxpayer be identified correctly in the payment order?

The correct registration or identity code helps the institution attribute the amount received to the correct payer and liability. A wrong identifier can create a situation where the money is transferred, but the specific tax liability still appears as unpaid.

Can the state budget payment be made from a foreign bank?

This is usually possible if the bank supports the required transfer and complete details of the recipient, IBAN, BIC and an identifying purpose of the payment. The transfer should be taken into account duration, commissions and that to get full in the budget the required amount.