March 26, 2019
SIA ExpressCredit is the only non-bank creditor included in the Gold level of the SRS In-depth Cooperation Program
On March 20, 2019, SIA ExpressCredit has qualified for inclusion in the SRS In-depth Cooperation Program at Gold level of cooperation.
At the beginning of the year, after the initial assessment, SIA ExpressCredit qualified for the Silver level and accordingly prepared and introduced tax risk management procedures that ensured the acquisition of cooperation Gold level status.
According to the SRS data on March 20, 2019, 76 companies have qualified for the In-depth Cooperation Program Gold level, and SIA ExpressCredit currently is the only non-bank creditor among these companies. From financial institutions, two Latvian commercial banks have also qualified for the cooperation Gold level.
The highest level of cooperation provides several advantages and facilitations for cooperation with the SRS. The highest level of the “In-depth Co-operation Program” received by SIA ExpressCredit is also in line with the company's vision – always strive for highest recognition.
In order to qualify for the cooperation Gold level, company must meet a number of criteria such as the deadlines for submitting reports and declarations have to be met during previous year and at the time of the assessment, the total annual tax revenue administered by the State Revenue Service has to be over € 700,000, the average monthly taxpayer's earnings at the workplace should be higher than the average wage in the country and tax risk management has to be implemented.