Revenue Service and Electrical Material Wholesalers Association sign agreement on cooperation in tax administration matters and fostering fair competition
On April 4 this year, the State Revenue Service (SRS) and Latvian Electrical Material Wholesalers’ Association (LEVA) signed an agreement on cooperation in fostering fair competition and tax administration with a view to promoting a common understanding of taxation of business operations in the industry.
The cooperation agreement was signed by the SRS Director General Ieva Jaunzema and the LEVA Association’s Chairman of the Board Kristaps Bleija. The purpose of the agreement is to reduce tax evasion by those working in the industry, thereby reducing the scope of unfair competition in the sector. The agreement is also expected to improve information exchange between the SRS and the Association.