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Micro company tax in Latvia

5 February 2016
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micro company in latvia, micro company tax in latvia, new amendments about micro company taxes in latvia 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 100 000 EUR are subject for 11 % tax fee.

However, starting from January 1st, 2016 there are practice fields in which the micro tax is not applicable, for example, logging, tobacco factories, metal factories, construction business, legal services and others.

 

micro company in latvia, micro company tax in latvia, new amendments about micro company taxes in latvia Starting from January 1st, 2017 micro company tax will be 5 % that will be applicable for companies with turnover till 7000 EUR, but companies with turnover from 7001 EUR to 100 000 EUR will be subject for 8 % tax rate. However, the micro company tax will not include state social insurance fee, and it will be mandatory to pay extra state social insurance fee no less than it shall be for minimum monthly wage. 

 

 

Should you wish our assistance regarding taxation please contact our English speaking tax consultants in Latvia at info@gencs.eu.

 

T: +371 67240090

F: +371 67240091

info@gencs.eu

www.attorneys-at-law.eu

www.lavvocato.eu

 

For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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The material contained here is not to be construed as legal advice or opinion.

© Gencs Valters Law Firm, 2016
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