The Republic of Latvia Cabinet of Ministers Regulations No. 338 in Riga, July 31, 2001 (pr. No 36, § 5.) the order in which the records of revenue and expenditure of individual income tax calculation purposes Issued under the law "on personal income tax" article 11 the fifth 1. determines the order in which the attainment of revenue and expenditure accounting of the personal income tax (tax) for calculation purposes (accounting) of physical persons who have income from taxable operating income (hereinafter taxable person).
2. the taxable person accounts shall be kept in a simple entry system. Making records in simple entry system accounting records reflect the cash flow, its formation and utilization, as well as any changes in revenue or expense incurred as a result of the commitment of funds and balances.
3. A taxable person making records, follow these rules and other legal requirements for the design of the source document, which records the accounting operations, for the purpose of accounting records, the source document and accounting records, inventory, reporting and storage of the Declaration, as well as inventory.
4. Each taxpayer's obligation to keep accounts, so excuse the documents should be considered as reflected in the tax year received operating income and expenses attributable to the taxation year operating income, as well as fixed assets, goodwill, cash and stock situation and its changes and to be able to correctly determine the taxation year by the individual income tax on taxable income.
5. A taxable person any justification documents, accounting records, inventory lists, annual income statements and their attachments, advance payment of computation, as well as the accounting documents of the Organization to systematically organize and store for 10 years, subject to the provisions of point 7.
6. A taxable person who, in performing accounting, accounting software, use this rule set out in paragraph 5 store systematically during the sorting and also stores the source document and the accounting register print or media.
7. A taxable person who, through economic activities, employing salaried staff, justification documents for employees calculated pay systematically sort and store the entire operating time. After the termination of the economic activity of the taxable person justification documents for employees the wages calculated five years handed to the national archives, so that accumulation of documents, accounting, storage and usage procedures with the State Archives Directorate. On his death his heirs during the year after the judgment in the inheritance passes these documents in State archives, matching the document storage, accounting, storage and usage procedures with the State Archives Directorate.
8. A taxable person irrespective of whether he is the same sort of business records or use accounting firms or other establishments, or other services for natural persons, is responsible for ensuring that the accounting information be true, comparable, timely, relevant, understandable and complete, and that it ensure the delimitation of revenue and expenses to the taxation year.
9. the taxable income and expenses are recorded on the basis of source documents that certify the financial transactions of the taxable person's existence. All economic transactions are valued in monetary terms.
10. the source documents are mandatory following properties (identification data): 10.1. document author (first name, last name of the person (natural person, which is the value added tax-taxable person-ID number and home address) or business (companies), institutions, organizations, foreign companies (non-resident) permanent representation name, registration number and registered office);
10.2. the title of the document;
10.3. document date, number, and place of the preparation;
10.4. economic description and justification of the transaction;
10.5. the economic transaction meters (quantity, unit of measure, unit price and total amount);
10.6. economic transaction (transaction directly involved), indicating an individual's first name, last name, or company identification data (company) name and registration number;
10.7. the economic transaction and source document the correctness of the information given in the responsible person signature.
11. The individual source documents may be required for other additional properties: 11.1 the company (the company) the imprint of the stamp;
11.2. the linked document with the transaction date and the registration number;
11.3. any time limit for completion.
12. the source document can be external or internal, depending on the origin and meaning of the document prepared in writing one or more copies, or in electronic form. External source document of origin is a document that was created by another taxable person or a taxable person, the same document drawn up for submission to other people. All other source document should be considered an internal source documents of origin. If a transaction is an external source document of origin, prefer it over any internal source document of origin.
13. Justification document drawn up around it during storage do not lose the information contained in it and ensure its legal force, as well as the possibility to make a copy of this document. Justification document should not prepare, entries using a pencil or other technical pārlabojam or easily physically unsustainable way. The document must not contain erasures, aizkrāsojum, not specified corrections, deletions and additions. Inaccurate records and any amendment barred the disclaimer. Justification the document forms a free line necessarily barred.

14. If the source document is prepared and stored in electronic format, ensure that all its storage do not lose the information contained in it and ensure its legal force, as well as the possibility to make a copy of this document in the form of a paper document. In this case, provides all of the electronic form of properties, as well as the electronic signature print in such a way that the parties to the financial transactions and, if necessary, third parties would be impossible unmistakably identify all the information contained in this document (the properties might be fixed in code and symbol). Signatures of the persons responsible for the source document, using a computer, can be replaced with a password or other form of authorization, which allows the unmistakable signature of the person concerned to be identified.
15. the taxable accounts by the accounting register of the chronological "operating income and expenditure accounting journals" (magazine) (annex), in which economic transactions are recorded in chronological order so that these records could gain insight into each day, week, month, or year in transactions.
16. the journal entry on the economic transactions indicates the following: 16.1. record date;
16.2. the record sequence number;
16.3. the reference to the source document, indicating the author of the document (the name of the legal person or physical person's name), counterparties, document name, and a description of the financial transaction, the date of preparation of the document and the registration number;
16.4. economic assessment of the transaction in cash (or the amount of revenue expenditure);
16.5. the reference to the asset or inventory tracking the registry analysis.
17. A taxable person making records, all the economic transactions in money terms indicate the lats and Sant Ms. If transactions are made in foreign currency, the conversion in local currency at the Bank of Latvia rates deal of the day.
18. Operating income and expenses are taken into account in calculating taxable income of economic activity and personal income tax are set out in the law "on personal income tax" in article 11.
19. A taxable person who has made a contribution that does impact on production for several years, such as expenses for grazing for liming, harvesting, dziļaršan stones, holding area utilities, rent and rent for several years, with any tax year income generating costs accounted for in the year they are paid.
20. the taxable income and expenditure can be listed by types of economic activities (sectors), distinguishing between one type of operation revenue and expenses from the other activities of the revenue and expenditure.
21. A taxable person engaged in agricultural production, separate the agricultural income and expenditure to be able to apply the law "on personal income tax" relief provided for income from agricultural production.
22. to a fixed duty calculation of the required data, as well as ownership and control of the settlement, the taxable person in addition to the analytical accounting installation registry. Analytical Accounting register of economic transactions are recorded through the analytical accounting accounts in money terms, but in terms of fixed assets and inventory unit — also the natural expression.
23. Accounting for fixed assets, the original value shall include: 23.1. fixed asset acquisition price;
23.2. with the acquisition of the asset related indirect costs, including commissions and remuneration for the provision of legal aid, if it's linked to the acquisition of fixed assets;
23.3. the payment of interest on loans taken to purchase a fixed asset and paid before the commissioning of the fixed asset;
14.5. customs duties paid upon the asset;
14.6. the costs of fixed asset improvements;
14.7. other expenses that may be included in the value of the fixed asset.
24. If a taxable person even creates an asset, the original value shall be determined on the creation (manufacturing and construction) costs including raw materials and material costs, personnel costs and other expenses directly related to the asset creation and preparation of object commissioning, as well as to the putting into fixed assets for the creation of fixed asset loans received interest paid and with the creation of fixed assets related indirect costs.
25. Each asset listed individually. If, by registration in the registry, the analytical accounting is not known for fixed asset acquisition, the cost of establishment or inventory value, the original value of fixed assets is considered the market value of the fixed asset on the day it is released.
26. the consideration received for the transfer of fixed assets, also includes other things received in consideration of market value.
27. If a fixed asset seizures as a gift, it is believed that the seizure has received compensation equal to the market value of the fixed asset on the date of the winding-up.
28. This provision 23, 24, 25, 26 and 27 of the terms also apply to intangible investment.
29. A taxable person to a specific item (including raw materials and materials, work in progress, finished products, goods for sale) the value of the tax year of the beginning and end, as well as their changes during the year, you can take inventory using one of the following methods: 29.1. inventory turnover (including the use of materials and sales value) regularly (every month) analytical accounting registers and sets the value of the inventory at the end of each month that clarify the taxation year (at the end of the taxation year), on the basis of the inventory results (the inventory continuous counting method);
29.2. the taxation year does not register nor inventory changes, not the use made of it, but at the end of the tax year on the basis of the inventory results, determine the inventory value (the inventory periodic inventory method).
30. The stock records of a taxable person are used to adjust the inventory cost of acquisition tax year.
31. in order to ensure the economic financial position control, the taxable person may conduct customer and vendor show.

32. accounting for the funds of which the taxable person is cut off from the personal Treasury. Cash receipts journal reflect only those outside the operating revenues intended for the taxable person's economic activities (private investment), but the cash expenditure, the costs of operating revenue issued personal needs (personal consumption of the removed features). Features of outside economic and spent personal needs are not reflected in the accounts.
33. A taxable person who is not of value added tax-taxable person editions indicate the amount of value added tax contained in the received value added tax invoices.
Prime Minister — the Minister of traffic a. the Minister of finance Gorbunov g. SMITH rules shall enter into force on august 4, 2001.