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Non-business expenses for Corporate Income Tax (CIT) – what companies need to know
Since 2018, the Latvian corporate income tax (CIT) system has been significantly simplified – tax is payable when profits are distributed or when certain non-business-related…
Employee Benefits: What Can Be Offered to Employees Beyond Salary in 2026
By 2026, a competitive salary alone is no longer sufficient to attract and retain good qualified employees. A well-structured employee benefits system has become an…
Latvian Foreigner’s eID Card: A Complete Guide for International Businesses (2026)
For any foreign national running a business in Latvia, signing documents with Latvian counterparties, or submitting tax returns through the State Revenue Service, accessing Latvia’s…
PAYING OUT THE MONEY TO THE OWNER FROM A SIA
In this article, we will examine a situation where one natural person has established a limited liability company (LLC) to conduct business activities, is the…
VAT Registration Obligation in Latvia: When Does It Apply?
VAT in Latvia VAT – Value Added Tax is a consumption tax, which is included in the price of goods and services and is actually…
BUSINESS IN LATVIA
Latvia has a rather small population of less than 2 million, which is mostly situated in the capital Riga, and around it. One of the key advantages of Latvia lies…
What do You Need to Know About Public Holidays in Latvia as a Foreign-Owned Business?
Boasting reduced corporate tax rates, outstanding trading infrastructure and three special economic zones supporting corporate growth, Latvia is a popular EU base for foreign-owned businesses.…
Key Tax Changes in Latvia 2026: Labor, VAT, Excise, and Corporate Tax Updates
Starting in 2026, Latvia will implement significant tax policy changes affecting individuals, businesses, and specific industries. These reforms aim to adjust labor taxation, introduce new…
A Guide to Christmas Bonuses in Latvia for Foreign-owned Businesses
In Latvian business culture, many organisations choose to disburse cash bonuses or non-cash gifts at Christmas. Though Christmas bonuses are not required, they are greatly…