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Unofficial translation In effect as of 28.03.2009 Published in the newspaper Latvia Vastness No 49 of 27.03.2009 Riga, 25 March 2009Regulations No. 42 (Min. No. 11, Item 2)REGULATIONS ON ASSETS QUALITY

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What is dealing with bad debt?

Dealing with bad debt involves taking necessary actions to address unpaid debts that are unlikely to be collected and minimizing their impact on the financial stability of a company.

Who is required to file dealing with bad debt?

Companies and individuals that have unpaid debts which are deemed to be uncollectible are required to file dealing with bad debt.

How to fill out dealing with bad debt?

To fill out dealing with bad debt, the required information is typically provided on the appropriate forms provided by tax authorities. These forms may require details such as the amount of bad debt, attempts made to collect, and any relevant supporting documentation.

What is the purpose of dealing with bad debt?

The purpose of dealing with bad debt is to accurately account for and report uncollectible debts, consequently reducing tax liabilities and providing a more accurate representation of a company's financial health.

What information must be reported on dealing with bad debt?

When dealing with bad debt, information such as the nature of the debt, attempts made to collect, and the amount of debt deemed to be uncollectible must be reported.

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