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Approval and Submission of Annual Reports: Latvia

We would like to remind you that for companies whose financial reporting year coincides with the calendar year, the deadline for submitting the annual report to the State Revenue Service (SRS) is approaching.

GeneralThe preparation of the annual report must be started timely in order to complete all the necessary actions on time:1) preparation of the annual report,2) signing – additional time may be required if the annual report is signed in paper format, but the members of the company’s management board are located in different countries,3) report of the supervisory board, if the company has a supervisory board,4) auditor’s opinion, if the audit is required according to the law or the articles of association of the company,5) convening of the meeting of shareholders – at least 14 days for limited liability companies and at least 30 days for joint stock companies, unless all shareholders with voting rights participate in the meeting with a shorter convening term,6) approval,7) submission to the SRS.

Due DateAs a result of the spread of COVID-19 infection, the deadline for submission of the 2021 annual report has been extended, thus:•    for small companies and micro-entities, the annual report for 2021 shall be submitted by 31 July 2022, and•    for medium-sized, large, and group parent companies – by 31 October 2022(Article 23(1) of the Law on the Suppression of Consequences of the Spread of COVID-19 Infection).Read more
Documents to Be Submitted Read more Preparation Read moreContent and Signature Read moreElectronic Signature Read moreApproval Read moreSubmission to the SRS Read moreLiability Read more
In case of any questions please do not hesitate to get in touch with your contact person at TGS Baltic or write to:
ANDRA RUBENEPartner, Head of M&A practice groupT: +371 6788 9999E: andra.rubene@tgsbaltic.comA: Elizabetes 63-11, LV-1050, Riga
ANNA VAIVADEAssociateT: +371 6788 9999E: anna.vaivade@tgsbaltic.comA: Elizabetes iela 63-11, LV-1050, Riga