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Doing Business Guide in the Baltics.
10.04.2015
We are proud to announce that our firm has been recommended as a TOP...
17.03.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
permanent representative offices of non-residents that perform economic...
27.02.2015
Gencs Valters Law Firm has released a...
16.02.2015
Structure
Personal income tax is imposed on income acquired by a natural person, and it consists of:
salary tax calculated from the income acquired by the employee and is paid by the employer;
fixed...
03.02.2015
Latvia has one of the most attractive shipping taxation regimes in the EU. If the usual company has income it must...
26.01.2015
(Updated 20.04.2016) Latvia has listed 62 countries on a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for...
03.12.2014
Taxable entities
Taxable entities are individuals, legal entities and non-residents that own or have rights to Latvian real estate, including land.
Tax rates
Starting from January 1, 2014 the real estate tax rate is 0,2-3% from the...
28.10.2014
Expatriates are liable for Latvian taxes depending on their tax residency. Latvian residents are taxable for their worldwide income. Non-Latvian residents are liable for their income derived in Latvia.
Pursuant to the domestic...
24.09.2014
According to the law “On Value-Added Tax”, adopted in March 1995, VAT has to be charged on any supply of goods or services, on the import of goods, as well as on self -consumption. Until June 30, 2012 VAT rates...
11.09.2014
The law “On State Social Insurance”, originally passed in 1998, sets out the application of mandatory statutory social insurance payments to salaries received by...
06.05.2014
Corporate Income Tax Rates in Baltics
Country
Standard rate
Decreased rate
Transfer of loses to next ...
17.04.2014
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
permanent representative offices of non-residents that perform economic activity.
Taxable objects
Corporate income tax is...
15.04.2014
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24.02.2014
On February 6, 2014, in the meeting of Secretaries of the State, was announced the draft law, prepared by the Ministry of Finance of...
05.02.2014
Chambers and Partners has released its global firm rankings for 2012. This is a guide to the world's leading law firms and rankings are ...
28.10.2013
On November 6, 2013 in Saeima in the second reading shall be considered Draft law on Amendments to the Micro-enterprise Tax Law.
Amendments establish that...
18.10.2013
CORPORATE INCOME TAX IN LATVIA
Taxpayers
Corporate income tax is paid by:
domestic...