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Micro-enterprise tax in Latvia

The activities of micro-enterprises are governed by the Micro-enterprise Tax Law.

The entrepreneurship must be implemented in the following forms:

The following criteria also must be complied with:

Employees are engaged in a micro-enterprise on the basis of an employment agreement. Both natural persons and legal entities must pay the micro-enterprise tax.

The micro-enterprise tax includes:

A micro-enterprise may choose whether to pay the micro-enterprise tax provided that it complies with the following limitations stated in the Micro-enterprise Tax Law:

How to become a micro-enterprise taxpayer?

The status of a micro-enterprise taxpayer can be revoked by submitting an application to the State Revenue Service until 15 December of the pre-taxation year.

The taxation period for a micro-enterprise taxpayer is one calendar year. Calculation of the micro-enterprise tax The turnover of a micro-enterprise in the taxation period is multiplied by the tax rate of the relevant micro-enterprise (which is 9 %).

Consequences of failing to comply with the limitations

The micro-enterprise tax has to be paid four times per year for the turnover of each quarter. A micro-enterprise shall submit to the SRS a micro-enterprise tax declaration every quarter till the fifteenth day of the relevant month.

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61 Lacplesa Str. , Riga, Latvia, LV-1011 E-mail:mailto:office@company-registration-latvia.lv Phone:+371 29889741 Fax:+371 67502506

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About Latvia

The name “Latvia” originates from the ancient Latgalians which was one of the four Indo-European tribes that together with Semigallians, Couronians and Selonians was involved in the ethnogenesis of Latvians.

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