Reporting economic activity without business status

Process description

1. Service requests
   A private individual who earns income from property (leasing, rentals, etc.) must declare this as unregistered business activity to the State Revenue Service (hereinafter - SRS) within five (5) days of signing the lease.
   A private individual who earns income from unregistered business activity must fill in a statement (Annex 537 7 BOM FP) indicating that they wish to declare this income and add it to each rental/lease agreement.
   
   Unregistered business activity can be registered through SRS, electronically by sending documents and application with electronic signature to vid@vid.gov.lv, or submitted at any customer service centre (with appropriate ID).

2. Receipt of services
   After receipt of the documents, the SRS will be entered in the taxpayer register.

Forms and other documents

1. Communication (MK 22.09.2015. not.Nr. 537, Annex 7)
2. www.vid.gov.lv

Regulations

• https://likumi.lv/doc.php?id=277257