Latvian VAT Reporting Localization

Latvian VAT Reporting Localization is a business software solution developed by Elva Baltic for companies that carry out business transactions in Republic of Latvia and are registered as VAT payers.

Latvian VAT Reporting Localization is fully integrated with Dynamics 365 Business Central by extending its functionality and tailoring it to meet the requirements of local legislation and local business requirements.

The Application enables the user to:

• Create VAT Statement structure using local specifics
• Define transaction thresholds for VAT Statement Appendixes
• Prepare VAT Statement Appendixes
  • VAT 1-1 Local purchase disclosure
  • VAT 1-2 EU purchase disclosure
  • VAT 1-3 Local sale disclosure
  • VAT 2 EU sale disclosure
  • VAT 3 Correction of EU sale disclosure
• Prepare VAT Statement file export together with VAT Statement Appendixes according to local legislation