Cash under mattress must be declared

  • 2012-02-01
  • From wire reports
RIGA -  The government on Jan. 31 approved the Finance Ministry’s procedure for the declaration of cash savings by private individuals, whereby persons who have such cash savings will have to transfer them to their accounts in commercial banks, reports LETA. The regulations stipulate that this will have to be done by 12:00 midnight on June 1 this year.The law on private individuals’ declarations of financial circumstances, which came into force Dec. 15 last year, stipulates that residents will have to declare cash savings worth more than 10,000 lats (14,200 euros),...
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