Tax authority imposes security measure on operator of sanctioned "Mere" stores

Latvia's State Revenue Service (VID), through its Tax Payment Facilitation Department, has imposed a security measure on SIA "Latprodukti", the company that operates the "Mere" store chain. The information became public through the "Firmas.lv" portal, which compiles publicly available company data.

The "Mere" stores were previously closed due to sanctions. When the tax authority imposes a security measure, it typically indicates that it has identified a tax debt or other outstanding obligation and is seeking to secure its enforcement by restricting the company's control over its assets or financial resources.

No further details have yet emerged regarding the scale of the obligations the tax authority is seeking to secure, or how this step will affect the company's future operations.