Credit obligations are a responsibility that requires a careful assessment of the various options. Before signing the contract and taking the decision, we recommend that you make sure that:

• Have evaluated various offers

Before borrowing, it is important to compare the different types of credit first. When you do this, see a number of service providers' offers. Assess the credit terms that you are offering: interest rate, commission and other contract terms.

• Have read and fully understood the credit agreement

Carefully sampling the entire contract. If you do not understand any of the above points of the contract, you should find out what it will mean to you after the contract has been concluded. Ask questions and, if necessary, ask the professional for help.

• You know how much you will have to give in and within what deadline

Always make sure you have to give it up. The amount of the amount to be repaid shall be determined by the amount of the money borrowed, the interest rate and the maturity of the return, as well as the repayment schedule. If you have chosen a longer-term credit, you can be so eligible for it interest rate consisting of a fixed and variable part (EURIBOR). Try mortgage credit calculator.

• Have thought about minimizing risks

Our ability to repay credit is influenced by a variety of factors, such as our health, our work capabilities, etc. In order to be sure that we will be able to repay the credit in different situations, we can insure the credit and the risks associated with its repayment.

A statement of the income of a natural person (a borrower) may be requested for free of charge:

• by electronically sending an application to the SRS Electronic Declaration System (“Documents” - “From Forms” - “Information to the State Revenue Service”);
• sending application to  e-address or to vid@vid.gov.lv electronically signed with a secure electronic signature and certified with a time stamp;
• submitting an application in paper form at any SRS customer service location;
• by mail.

Without the participation of SRS employees, the person may itself prepare a statement by selecting an appropriate type of statement in the “Statements” section of the SRS Electronic Declaration System (EDS). Each EDS certified statement contains a code, a QR code and an active link by which any EDS user can verify the authenticity of the statement.

The application shall indicate to the natural person:

• the given name, surname, personal identity number and declared address of the place of residence;
• phone or e-mail address;
• what information is required, such as a statement of income generated in 2022;
• why a statement is needed, for example, for obtaining a credit;
• to which the statement is to be addressed (not necessarily the full name of the recipient, such as the bank (credit institution), and not the A/S “XXX bank”;
• the preferred type of receipt of the information (in place of customer service, electronically to the specified e-mail address, or in the SRS Electronic Declaration System).

The SRS reviews the request within 1 working day and prepares a statement. It shall be issued in accordance with the type of receipt of the statement indicated in the application.

! We are informed that the SRS is also entitled to refuse to issue a statement to a person, if the submission does not specify full information (for example, no identifying personal data, period regarding which information is required, etc.).

The Bank of Latvia (the BL)

The Financial and Capital Market Commission (the FCMC)

The State Revenue Service (the SRS)

Work, Taxes and Salary Tax Book

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