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Declaring cash

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Declaring cash

As of 1 July 2006 when crossing the State border of the Republic of Latvia (both on arrival and departure) in places, which are also external border of the European Union, any natural person must declare cash if it is equivalent to or exceeds 10 000 euro.

Note that obligation to declare concerns private individuals transporting the cash regardless of the ownership of cash.

Cash should not be declared on the State borders of the Republic of Latvia with other member states of the European Union.

Examples:

  • a natural person with 10 000 euro, who travels from Turkey through Germany to Latvia, submits a declaration in Germany – transit country, because Germany is the first point of entry into the territory of the European Union;
  • a natural person with 10 000 euro travels by car from Russia to Belarussia through Latvia and Lithuania. In this case a natural person has to submit a declaration on entry to Latvia and exitting Lithuania, because he crosses the border of the territory of the European Union two times.

Declared cash is recalculated in euro using the currency exchange rate (in lats) set by the Bank of Latvia on the day of border crossing.

What is Cash?

Cash is:

  1. Issued paper money and coins, which are valid means of payment.
  2. Following financial instruments:
  • cheques, bills, payment orders, or any other financial instruments, which are issued on behalf of the holder or allows transfer of ownership rights to the financial instrument by its transfer to another person;
  • blank cheques, bills, payment orders, or any other financial instruments, which when signed entitle the receipt of money without specifying the recipient.

How to Declare?

The declaration forms are available free of charge from a competent authority at the border crossing point, as well as on SRS homepage in Latvian, Russian or English

A private individual submits a written declaration of the cash in two copies to the customs official at the border crossing point and specifies the information on the following:

  • declarant;
  • owner of cash (if declarant is transporting cash owned by other person);
  • planned recipient of cash;
  • type and total value of cash;
  • origin of cash;
  • application purpose of cash;
  • route (country of origin, destination country);
  • means of transportation;
  • place of border crossing, and confirmation that information provided in the declaration is true with own signature.

What is the Liability for Failing to Declare Cash?

The responsibility to declare is violated if the information provided is incorrect or incomplete.

Non-declaration or false declaration of defined cash quantities upon crossing of the State border of the Republic of Latvia is an offence according to Article 19015 of the Administrative Violations Code, which defines a fine of up to 200 lats.

According to Article 1952 of the Criminal Law, a failure to declare or false declaration of cash as specified in regulatory enactments is a criminal offence if done with criminally acquired cash or in an organized group - deprivation of liberty for a term not exceeding three years or a short-term deprivation of liberty, or community service, or a fine.

Legislation

More detailed information you can find on the European Commission website


Last modified: 09.05.2013

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