Latvia's tax service to send out letters to those who may have undeclared cash

Recipients are urged to review the source of the funds and, if necessary, to submit or amend their annual income tax return for 2024 within 30 days of receiving the letter.

The VID emphasises that a cash deposit into an account does not in itself mean that tax is due on that amount. If there is no additional income to declare, no explanations or documents need to be provided upon receipt of the letter.
The letters are scheduled to be sent out gradually until 18 December 2026,...