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The disposal of securities (shares, equity interests, investment fund certificates, debt instruments, etc.) by an individual generates capital gains income subject to Personal Income Tax…

Value added tax (VAT) is a type of consumption tax used in the European Union (EU). While VAT in Latvia is paid by the final…

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…

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…

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…

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 in Latvia VAT – Value Added Tax is a consumption tax, which is included in the price of goods and services and is actually…

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…

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.…