Aston Baltic VAT solution for Latvia

Aston Baltic (AB) Latvian VAT solution is based on Microsoft Dynamics 365 F&O standard functionality with tailor-made adjustments to meet the requirements of Latvian legislation. Based on available data, the solution automatically arranges VAT transactions into corresponding appendices in accordance with local legislation and requirements.

Main features and benefits of the solution:

• Offers Latvian Report Layout.
• Offers new workspace built specifically for Latvian VAT reporting.
• Allows user to easily generate, download and submit LV VAT statements along with appendices inclusive of EU sales list (VAT2).
• Allows user to validate data using sales tax report trace and, if necessary, to correct data inconsistencies before settling and reporting VAT.
• Allows user to download all reports in the desired format: xml for submission to the respective tax agency, Excel for easier data validation and /or pdf for storage.
• The solution does not interfere with other countries’ localizations used within an organization.

It’s time to automatize your VAT operations in Latvian company and become more efficient! Contact us today!