VID: Receipt lottery a success

Wednesday, July 1, marks the one-year anniversary of Latvia's receipt lottery. It is forecast that by the end of the year, budget revenues will have increased by about a million thanks to the lottery said State Revenue Service (VID) on July 1.

Approximately 60 thousand people participate monthly. On average, more than a million payment documents are submitted per month. Fewer payment documents were submitted in April due to the emergency but now activity has increased again.

About 1,200,000 checks are submitted each month. This is enough to analyse taxpayers' turnover. VID has learned a lot of interesting information about payers, including various discrepancies and irregularities.

“We identified 86 'zombie' companies during this period. There were companies that as if stopped doing business but continued to work without registration, " said VID spokeswoman Natālija Fiļipoviča.

Similarly, every month, about 100 merchants' turnover does not match VAT declarations. In such cases, VID shall carry out checks or request the correction of the discrepancies. Overall, the goals of the check lottery have been achieved.

VID forecasts that budget revenues thanks to the project will increase by around a million euro by the end of the year.

In addition, the lottery has encouraged people to demand payments., companies register documents more actively. their turnover. CHECK lottery technical solutions company Mobilly. CEO Ģirts Slahe says this year's technical passage hasn't gone well either.

On 1 July 2019, the “Receipt lottery” project was launched for the first time in Latvia.

By participating in the check lottery, people can help VID to reduce fraud together.

To participate in the lottery, a check, receipt or ticket must be registered on the cekuloterija.lv site, filling in some simple fields of information.

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Economy
Economy