What sources does Taxxa search?

Taxxa searches a continuously updated collection of more than one million pages from tax authorities, government publications, legislation and case law across the European jurisdictions it covers. Every response cites the underlying material, so a professional can inspect the rule, its jurisdiction and whether it is current before relying on the result.

Can Taxxa work with a team’s own documents?

Yes. Research can combine the public knowledge base with a team’s own PDF, DOCX, CSV and TXT files in one workspace. That makes it possible to compare a client document with the relevant guidance, trace a conclusion to its source and prepare a draft without losing the evidence that supports it.

Who is Taxxa built for?

Accountants, auditors, tax advisors, payroll specialists, bookkeepers and advisory teams working across European jurisdictions. Shared workspaces keep research available to colleagues, and citations make review easier.

Where is customer data stored, and is it used to train models?

Customer data stays in the European Union and is never used to train language models.

Does Taxxa replace professional judgement?

No. Taxxa is a research and drafting workspace. It helps professionals reach an informed starting point faster; the professional still reviews the evidence and makes the final decision. It does not file returns, post bookkeeping entries or give legal advice.

LatviaValsts ieņēmumu dienests

Foreign accounts: 30 days to declare, 10 working days to register

Companies and other legal persons declare foreign accounts to VID within 30 days of opening via EDS correspondence; VID registers the account within 10 working days.

By Taxxa AI OyPublished 14 September 2026

Tax

Industry: Across industries

Companies, cooperative societies and other private-law legal persons declare demand deposit accounts opened abroad, as well as payment accounts opened with a foreign payment institution or electronic money institution, to the State Revenue Service (VID) within 30 days of opening.Likumi VID registers the foreign account within 10 working days of receiving the application.VID

Registration and closure notices go through the service “Reģistrēt ārvalstu norēķinu kontu vai paziņot par tā slēgšanu”: in EDS via Sarakste ar VID – Rakstīt jaunu vēstuli – Kategorija: Paziņojums VID, writing or attaching the application.

The foreign-account duty is one of the information declarations and notices that Likuma “Par nodokļiem un nodevām” 15. panta trešā daļa requires; the companion duties on the same page are unchanged. Those companion duties fall on individuals acting as employers and on companies, cooperative societies and other private-law legal persons, and cover: changes in registration data; every cash transaction carried out separately in the previous month (including purchases) above 1,500 euro; cash transactions with individuals not required to register an economic activity for the previous year, where one transaction in one operation with one counterparty exceeds 3,000 euro; and leasing and credit payments, or leasing-only or credit-only payments with related interest, by a resident individual above 360 euro a month or above 4,320 euro in total over the calendar year. The 30-day foreign-account item itself is addressed to companies, cooperative societies and other private-law legal persons.

Separately, the Likums “Par iedzīvotāju ienākuma nodokli” requires reporting loans to VID where an issued loan exceeds 15,000 euro, or where loans issued in pre-taxation years did not exceed 15,000 euro but together with the taxation-year loan exceed 15,000 euro. Practically, a company opening a settlement account abroad declares it within the 30-day window through the correspondence route above and can count on registration within 10 working days. Legal basis: Likuma “Par nodokļiem un nodevām” 15. panta trešā daļa (9. punkts for the foreign-account duty) and the Likums “Par iedzīvotāju ienākuma nodokli” loan-reporting rule, as set out on the VID Paziņošanas un deklarēšanas pienākumi page.

If your company opens a settlement account abroad, declare it to VID within 30 days through EDS correspondence (Sarakste ar VID – Paziņojums VID) and expect registration within 10 working days.

Sources