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Doing Business Guide in the Baltics.
04.06.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
26.05.2015
As of 1 January 2013 the holding regime has been introduced in Latvia. Such regime provides less tax burden In Latvia from receiving and distributing profits.
Receiving dividends and profit taxation
In line with Latvian legislation...
27.04.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
permanent establishments of non-residents that perform economic activity (including...
13.04.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
permanent representative offices of non-residents that perform economic...
02.04.2015
Taking into account that there are different corporate tax rates in European Union member states, corporate income tax is used as a tool to attract...
31.03.2015
It makes us proud to announce that Gencs Valters Law Firm, a full service law firm in Latvia, Estonia and Lithuania, has crossed another milestone. On March 9th, 2015 our firm celebrated 15 Year...
17.03.2015
Structure
Personal income tax is imposed on income acquired by a natural person, and it consists of:
income from employment;
business income (self-employed income);
gains from transfer of...
05.03.2015
Gencs Valters Law Firm has released a...
23.02.2015
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...
17.02.2015
Structure
Personal income tax is imposed on income acquired by a natural person, and it includes:
income from employment;
business income (self-employed income);
gains from transfer of...
12.02.2015
Latvia has one of the most attractive shipping taxation regimes in the EU. If the usual company has income it must...
05.02.2015
Lithuania has included 58 countries to a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for individuals and...
03.02.2015
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 individuals and legal persons....
26.01.2015
Few Corporate income tax amendments applicable for 2014 income is a good sign, indicating stability in Lithuanian corporate tax system. Besides that, most of law changes are business...
23.01.2015
Estonia has listed 55 countries that are on so-called black list because of their tax policy. The aim of this list to proof that the person who is involved in business is not located at low tax rate...
20.01.2015
Beginning of new financial year is a need to review legal requirements applicable to taxation of 2014 year’s income. There were several substantial amendments of Personal income tax law in...
15.01.2015
According to the amendments made to the Income Tax Act, which became in force from the 1st of January 2015, all companies and permanent establishments located in Estonia...
06.01.2015
Option plans are good ways to reward employees for successful year or to bind them for the company. In Estonia option plans are taxed as fringe benefits. Fringe benefits are benefits received from the employer for...
05.01.2015
From January 1. 2015 EU will change the application of VAT rules in intra-community trades. The new rule will change current situation where...
17.12.2014
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...