Payments are made and the declaration (TSD) is filled in simultaneously

The declaration is confirmed automatically

Salary payment is free of charge

What is a Salary Payment?

It is an innovative payment solution, set up in cooperation between LHV and the Tax and Customs Board, mainly for small and medium-sized enterprises, that enables the enterprises to pay out salaries to their employees and declare state taxes in a single channel – The LHV Internet Bank.

Salary payment can be used for 6 of the most common payment types: salary, dividend payment, Management Board member’s fee, sick pay, remuneration based on a contract under the law of obligations, and the minimum social tax obligation. In order to make the payments, the representative of the company must have authorised access to the e-Tax environment (Accountant’s package) and full authorisation (100%) to approve payments in the LHV Internet Bank.

How to make a Salary Payment?

  • Enter the Internet Bank
    Go to your company’s account and start a new Salary Payment.

    Select a suitable payment basis and enter the recipient’s details.

  • Accounting of payment obligation
    Data is sent to the Tax and Customs Board in real time, where the tax amount to be paid is calculated.

  • Make the payment
    Payments are made and tax details are added to the declaration simultaneously.

    The declaration is confirmed automatically.

  • Save
    Payments can be saved, so that future Salary Payments could be made with a single approval.