“Top Tax Debtors in Latvia 2021: Analysis by Lursoft”

In April of this year, more than 32 thousand companies registered tax debt, their total debt reaching 410.3 million euros, according to “Lursoft” data.

“Lursoft” investigates who are the biggest tax debtors, and also explains in which sectors the number of tax defaulters is the largest. The data is collected on companies whose tax debt exceeds 150 euros.

A little more than 3% of all tax debtors have started the liquidation process, almost 10% have stopped their economic activity, while another 2% are currently in an active insolvency process. Among them is also the largest tax debtor SIA “Bebriko LTD”, according to the information collected by Lursoft. For this year On April 24, the manufacturer of bronze products SIA “Bebriko LTD” had accumulated 14.01 million. EUR large tax debt. Already since 2014, the metal processing company has been subject to prohibitions registered by the State Revenue Service (SRS), while since December 2015, the insolvency process has been initiated. Even before that, the company was going to initiate a legal protection process, but it was terminated and declared an insolvency process, because SIA “Bebriko LTD” had not fulfilled the legal protection process action plan for more than 30 days and had not submitted amendments to this plan to the court.

“Lursoft” information data shows that the last report available on the activity of SIA “Bebriko LTD” is only for the year 2014. Then its turnover was 59.2 million. EUR, but losses – 6.9 million. EUR. The shareholders of SIA “Bebriko LTD” – Māris Dzenītis, Kaspars Los and Māris Niedras – also own other companies, but none of them has accumulated such a large tax debt as SIA “Bebriko LTD”.

“Lursoft” data show that more than 1 million EUR large tax debt this year. 50 companies had accumulated in April. Almost as big debt as SIA “Bebriko LTD” is registered also SIA “Riepu Bloki”. The amount of tax debt of the company registered in the Southern Kurzeme region has already approached 13 million. for the EUR border. Just like SIA “Bebriko LTD”, SIA “Riepu Bloki” has not submitted financial reports for several years, and since 2018 it has been declared an insolvency process. Despite the significant tax debt, the company working in the waste processing industry currently does not have any active security registered.

“Lursoft” information shows that the shareholder of SIA “Riepu Bloki” is SIA “Eko Alternativa”. Since its establishment in 2011, SIA “Eko Alternatīva” has received revenues from economic activity in 2014, 2018 and 2019 alone. The real beneficiary of SIA “Eko Alternativa” is Aivars Dronka.

A tax debt of more than 10 million euros has also been accumulated for SIA “Tokyo City”, registered in the public catering industry, according to Lursoft data. The amount of the company’s tax debt has already reached 11.9 million. EUR. Analyzing the available data on the tax debt history of SIA “Tokyo City”, it can be seen that the amount of debt increased rapidly in the summer of 2021. Even before that, the company had registered tax debts, but their amount was mostly up to 200 thousand. EUR.

At the beginning of September 2021, all restaurants and the delivery service of “Tokyo City” stopped working, because the SRS started tax debt collection of 10.5 million of three other companies – SIA “Resto Court”, SIA “Stollons” and SIA “Restograd”. in the amount of EUR from SIA “Tokyo City”. The SRS has explained this case by stating that the transfer of companies into the hands of new owners has been implemented, leaving the old companies as “empty shells” from which the state, company employees and other creditors can no longer recover funds. The SRS stated that the company’s employees, property and assets were taken over by another company, which continued to operate “Tokyo City” restaurants, but already without tax debts. The set of these signs made it possible to conclude that a transfer of companies took place.

It should be noted that the insolvency process of SIA “Tokyo City” was declared in February of last year, while since August 2021, a prohibition sign has been applied to the caterer for the registration, re-registration, renewal and amendment of the commercial pledge. The company has neither currently nor previously had any registered commercial pledges.

“Lursoft” has investigated that the owner of SIA “Tokyo City” Aleksei Sluzov has the status of the real beneficiary registered in another company – SIA “TC-11”. Tax debt has also been accumulated for this company, which reached 1.18 million EUR in April this year. , the company also has current guarantees, insolvency proceedings, while in March of last year SRS made a decision to suspend the economic activity of SIA “TC-11”.

The biggest debts – to wholesalers

Analyzing the data, “Lursoft” has found out that the sixth largest number of tax debtors is currently registered in the food service industry. this year in April, the total tax debt of these companies approached 29 million. EUR. An even larger tax debt was registered in April in the wholesale, retail and land, pipeline transport sectors.

“Lursoft” research data reveal that the total tax debt of wholesale companies for this year reached 61.32 million in August. EUR, retail sales – 34.56 million. EUR, but the total tax debt of land and pipeline transport companies was 31.20 million. EUR.