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4. Tax Debts | 8 Step Guide
4. Tax debts administered by the State Revenue Service for the business partner.
Unpaid tax debts can indicate potential financial instability and can lead to suspension or termination of business activities.
Latest information can be obtained at https://www.vid.gov.lv/lv/nodoklu-paradnieki (available only in Latvian*)
8 Steps for Trusting a New Business Partner from Latvia | Cross Border Deals
By obtaining publicly available information in this manner a company can make better-informed decisions and avoid potential risks. Checking registrations, evaluating financial stability, and even doing a quick online search can infuse further confidence in the transaction’s and business partner’s integrity and suitability. Switching to English on websites of state institutions might limit access to the same comprehensive databases available in Latvian, resulting in less information and poorer functionality.
What to do in case of uncertainties?
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