News
VAT guidelines for services related to real estate, issued by Latvian Tax Administration
In March 2015 the Latvian State Revenue Service (SRS) has published VAT guidelines “For determining the place of supply of real estate related services”. SRS…
New amendments to the Micro-enterprise Tax Law
Micro-enterprise tax law provides that starting from 1 January 2015 micro-enterprise tax rate for micro-enterprise turnover exceeding EUR 7000 is increased from 9% to 11%.…
Deadline for the introduction of new requirements for cash registers is extended
Although initially, the Cabinet of Ministers decided that the procedure for the use of electronic devices and equipment for tax and other payment registration and…
Seminar on changes to the Labour and tax laws – 23.02.
The seminar will take place on February 23, from 10.00 to 13.00. Entrance fee – € 25. On the seminar venue we will inform you…
Introduction to EURO process in Latvia
This has already happened: Latvia was invited to join the Eurozone by the European Union in the summer of 2013. The exchange rate was confirmed…
news for 2014 November
Forthcoming changes in the personal income tax law in Latvia According to the draft law the following changes will take place on the 1st of…
New requirements for VAT invoices
Specific due dates for the issue of invoices have been provided for: 1) An invoice in respect of a transaction carried out in Latvia shall…
New criteria for the deduction of VAT input tax
If a taxpayer provides both taxable and non-taxable supplies, the new VAT Act primarily provides for the keeping of separate accounting for the purposes of…