Latvian IRS
Thread poster: Max Masutin

Max Masutin
Ukraine
Local time: 14:30
English to Russian
+ ...
Apr 29, 2008

Are the following statements by a British agency in Riga true?
1)Invoices must be only from registered (in their respective countries) translators, so they can submit them to the Inland Revenue Service (so they call it).
2)If wire transfers do not contain references to an invoice (as I requested), they can be fined when the IRS audits them.
Thank you.


 

Jana Teteris  Identity Verified
United Kingdom
Local time: 12:30
Latvian to English
+ ...
State Revenue Service Apr 30, 2008

Max Masutin wrote:

Are the following statements by a British agency in Riga true?
1)Invoices must be only from registered (in their respective countries) translators, so they can submit them to the Inland Revenue Service (so they call it).
2)If wire transfers do not contain references to an invoice (as I requested), they can be fined when the IRS audits them.
Thank you.


I'm not entirely sure I understand statement 2. Have you asked a company/agency to transfer you money without actually specifying what the payment is for (eg. invoice number)? If so, this statement is correct (as confirmed by my accountant).

The following may help:
www.vid.gov.lv (State Revenue Service)
http://www.liaa.gov.lv/?object_id=1959 (Latvian Development Agency)

The Law on Accounting
The Law on the Annual Accounts of Undertakings


[Edited at 2008-04-30 06:48]


 

Max Masutin
Ukraine
Local time: 14:30
English to Russian
+ ...
TOPIC STARTER
Can I still get my money? Apr 30, 2008

Thank you, Jana. You've been very helpful. If it's not more trouble, could you ask your accountant, whether there are ways at all, a Latvian company can send money without mentioning an invoice in the payment order (wire transfer form, etc.) Otherwise, in my case, how would they reconcile the amount receivable from the client and nothing payable to the translator?
I am not registered and can perfectly legally receive payments as long as there are no references to business operations, such as invoices. That agency is my only client refusing to comply with my request. I had no experience with Latvian agencies and think they should have warned me.


 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

Latvian IRS

Advanced search







BaccS – Business Accounting Software
Modern desktop project management for freelance translators

BaccS makes it easy for translators to manage their projects, schedule tasks, create invoices, and view highly customizable reports. User-friendly, ProZ.com integration, community-driven development – a few reasons BaccS is trusted by translators!

More info »
SDL Trados Studio 2019 Freelance
The leading translation software used by over 250,000 translators.

SDL Trados Studio 2019 has evolved to bring translators a brand new experience. Designed with user experience at its core, Studio 2019 transforms how new users get up and running, helps experienced users make the most of the powerful features, ensures new

More info »



Forums
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search