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Doing Business Guide in the Baltics.
02.02.2016
From January 1st, 2016 the vehicle operation tax for vehicles with gross weight till 12000 kg is increased more than twice in almost all weight categories. For example, for vehicles with gross...
27.01.2016
From January 1st, 2016 excise 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 161 EUR to 206 EUR...
19.01.2016
The SRS has the power to determine taxable object that is decreased with taxes and fees on the basis of statement and levy fine in the amount of 100 %, if it is...
11.12.2015
The Saeima (Parliament) of the Republic of Latvia in the final reading accepted several amendments to the Gambling and Lottery law on 30.11.2015. The amendments are not in the force yet. Law...
13.10.2015
Please find below list of countries with which Latvia has concluded DTT. Albania Armenia Austria Azerbaijan Belarus Belgium Bulgaria Canada China Czech...
18.06.2015
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...
21.05.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
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...
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...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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