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Tax audit

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A tax audit is a detailed review of a company’s tax situation, aimed at identifying potential risks and ensuring that the company is operating in compliance with Latvian laws and regulations. Regular audits allow you to identify problems early – much cheaper than after an SRS inspection.

What a tax audit involves:

  • Checking tax returns and calculations (VAT, personal income tax, social security tax, personal income tax, etc.)

  • Analysis of key transactions from a tax perspective

  • Evaluation of accounting documents and entries

  • Checking pay slips and related declarations

  • Identifying and documenting tax risks

  • Preparation of recommendations to remedy non-compliance

When is a tax audit recommended?

  • Before the SRS check – to prepare documentation and address potential risks
  • After change of accountant – to make sure that the previous accounts are correct
  • Before selling or buying a business – tax due diligence
  • In a period of rapid growth – to ensure that processes scale with the business
  • Regular preventive – once a year or every two years as a preventive measure

Result

After the audit, you will receive a detailed written report with the risks identified and specific recommendations to address them. We don’t just provide lists – we help you understand the situation and take action.

Cooperation steps

1. Contact

2. Assessing the situation

3. Offer

4. Implementation

Risks

Unidentified tax risks can result in penalties of up to 100% of the incorrectly calculated tax.

Why Expa?

Experience since 2010

Individual approach

SRS audit support

Proactive risk management