{"id":4703,"date":"2023-08-10T12:48:56","date_gmt":"2023-08-10T12:48:56","guid":{"rendered":"https:\/\/leinonen.eu\/lva\/?p=4703"},"modified":"2023-08-10T12:48:57","modified_gmt":"2023-08-10T12:48:57","slug":"changes-in-regulations-concerning-low-tax-and-tax-free-countries","status":"publish","type":"post","link":"https:\/\/leinonen.eu\/lva\/news\/changes-in-regulations-concerning-low-tax-and-tax-free-countries\/","title":{"rendered":"CHANGES IN REGULATIONS CONCERNING LOW-TAX AND TAX-FREE COUNTRIES"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">As of July 1, 2023, new Cabinet regulations No 333 &#8220;List of low-tax or tax-free countries and territories&#8221; are effective. Cabinet regulations have been expanded with new tax-free and low-tax countries and territories:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the territory of the British Virgin Islands,<\/li><li>Republic of Costa Rica,<\/li><li>Republic of the Marshall Islands and<\/li><li>The Russian Federation.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Please note that transactions with the mentioned countries may affect the application of taxes. As an example, Corporate income tax (CIT) tax of 20% must be withheld from all payments to persons located, established, or established in low-tax or no-tax countries or territories.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please contact us in case you have any questions regarding application of taxes!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:contact@leinonen.lv\">contact@leinonen.lv<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of July 1, 2023, new Cabinet regulations No 333 &#8220;List of low-tax or tax-free countries and territories&#8221; are effective. Cabinet regulations have been expanded with new tax-free and low-tax countries and territories: the territory of the British Virgin Islands, Republic of Costa Rica, Republic of the Marshall Islands and The Russian Federation. Please note [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":4704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"coauthors":[117],"class_list":["post-4703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CHANGES IN REGULATIONS CONCERNING LOW-TAX AND TAX-FREE COUNTRIES &#8211; Leinonen Latvia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leinonen.eu\/lva\/news\/changes-in-regulations-concerning-low-tax-and-tax-free-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHANGES IN REGULATIONS CONCERNING LOW-TAX AND TAX-FREE COUNTRIES &#8211; Leinonen Latvia\" \/>\n<meta property=\"og:description\" content=\"As of July 1, 2023, new Cabinet regulations No 333 &#8220;List of low-tax or tax-free countries and territories&#8221; are effective. Cabinet regulations have been expanded with new tax-free and low-tax countries and territories: the territory of the British Virgin Islands, Republic of Costa Rica, Republic of the Marshall Islands and The Russian Federation. 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