Forthcoming changes to Microbusiness Tax Act (1/44/14) (0)

28.10.2014

Passed

The performance of the Microbusiness (MB) Tax Act has been evaluated on several occasions and followed by amendments to eliminate a number of shortcomings found during the operation of the Act and to facilitate its application and tax administration. This article takes a look at some of the changes taking effect from 1 January 2015 and explores the rationale behind them. Read more..

Proposals to stop issuing residence permits to Russian nationals buying property (2/44/14) (0)

28.10.2014

Draft

On 21 October the Parliamentary Committee for Defence, Interior and Anti-Corruption gave the green light to VL-TB/LNNK’s bill, before its first reading, to stop issuing Russian nationals with a temporary residence permit (TRP) in exchange for a Latvian real estate purchase. Read more..

Natural resource tax rules to be consolidated (3/44/14) (0)

28.10.2014

Draft

A draft cabinet regulation for exempting natural resource tax on environmentally damaging goods (EDG), packaging and disposable tableware was announced at a meeting of state secretaries on 10 July 2014. Read more..

Donations and taxes (3) (2/43/14) (0)

22.10.2014

Practice

This article wraps up where we left off last week. Read more..

Application of income tax to sailors (3/43/14) (0)

22.10.2014

Practice

Situations where persons employed outside Latvia are subject to double taxation are not infrequent. To avoid this, Latvia has passed suitable mechanisms into its national laws and international treaties. So far it has been widely discussed how those mechanisms operate in standard situations. This article explores ways of avoiding the double taxation of foreign income gained by sailors. Read more..

 
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