The time for the annual information update in the Register of Construction Merchants is approaching. Therefore, it is essential to accurately indicate the information in the Profit or Loss Statement (PLS) of the annual report and to submit the annual report to the State Revenue Service (SRS) in a timely manner.

Processing of annual information data and payment of the state fee for construction merchants:
1. The Register will receive the annual information data from the Profit or Loss Statement (PLS) of the company’s annual report (net turnover (R10)/income from construction services (R25)) registered in the SRS Electronic Declaration System (EDS) starting from May 1, 2025.
2. After receiving the annual information data from the SRS EDS, the Building Information System will calculate the state fee for including the annual information in the Register, prepare an invoice, and send it to the construction merchant. The invoice preparation process continues until September 30.
3. Construction merchants will receive a notification about the invoice creation via e-address or e-mail. The invoice will be available by logging in to www.bis.gov.lv, under the “Documents” section of the legal entity's profile.
4. The deadline for the state fee payment is November 30.

According to the scheme specified in annexes 2 and 3 of the Annual Reports and Consolidated Annual Reports Law, the "Net Turnover" item in the Profit or Loss Statement (PLS) must reflect income from the sale of goods or products and the provision of services.
For construction merchants, the "Net Turnover" item in the EDS PLS includes a sub-item — Line 25 (R25) — to separately indicate the revenue from construction services provided during the reporting year.
 
Net turnover (PLS Line 10, R10) and income from construction services (PLS Line 25, R25) are included in the construction merchant’s profile in the Building Information System (BIS) and are also used for the calculation of the merchant’s classification.

If the construction merchant has carried out construction work only for its own needs, the R25 line in the annual report must indicate the value 0 EUR. If 0 EUR is not specified, the fee will be calculated based on the merchant's total net turnover.

Section 24 of the Accounting Law states that the first reporting year of a newly established company may cover a shorter or longer period, but not more than 18 months. However, to comply with the Construction Merchant Register's requirements for the correct calculation of the state fee, the State Construction Control Bureau of Latvia, considering the system's technical solutions, encourages the submission of the annual report for each calendar year.

For questions regarding the preparation and submission of the annual report, please write in the EDS section "Correspondence with VID."

BŪVKOMERSANTU REĢISTRS
K.Valdemāra iela 157, Rīga, LV-1013, Latvija
Tālrunis: 62004010 (taustiņš 3)
E-pasts: buvkomersanti@bvkb.gov.lv
www.bvkb.gov.lv

The information was translated using the ChatGPT service.