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Doing Business Guide in the Baltics.
07.03.2017
You are cordially invited to the 10th Business seminar on “Expatriate Tax planning 2017 in the Baltics“ in cooperation with Swedish Chamber of commerce in Latvia. The seminar takes place on...
04.01.2017
Date: Thursday, March 9, 2017
Time: 17:30...
17.11.2016
“Baltic Taxes” available on the Apple App Store and the Android Market
Baltic Taxes is a tax planning and optimization application which helps the user to calculate the VAT, corporate...
13.07.2016
On July 1, 2016, amendments to the Immigration Law of the Republic of Latvia came into force, modifying the provisions for receiving temporary residence permit and reissuance of the...
15.06.2016
In Latvia corporate income tax is paid by domestic companies – residents, non-residents and permanent representative offices of non-residents that perform economic activity in the country.
Taxable objects in...
30.05.2016
Micro company tax starting from January 1st, 2016 did not change and the tax of 9 % is applicable for companies with turnover till 7000 EUR, but micro companies with turnover from 7001 EUR to 100000EUR are subject...
07.04.2016
Starting fromJanuary 1st, 2016excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from...
07.09.2015
Starting from 13th May 2015 new amendments in micro company tax are in force.
The previous regulation of micro company tax
Till the amendments the following rates of...
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...
13.04.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
permanent representative offices of non-residents that perform economic...
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...
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...
12.02.2015
Latvia has one of the most attractive shipping taxation regimes in the EU. If the usual company has income it must...
03.02.2015
(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...
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...
07.11.2014
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...
30.09.2014
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...