Various law and business articles
List 1
Regulation of Salary tax books
What is Salary tax book Salary tax books are issued only by the State Revenue Service and for each taxpayer they are provided with a unique (registration) number. When a salary tax book is issued, the date of issue and registration number, as well as the name, surname and personal…
Safety of goods in Latvia
When purchasing a product, we usually assume that it is of good quality, it will meet our requirements and be safe for everyday use. The responsibility for safety of the respective product lies with its manufacturer. A product is considered safe if there is no risk of harm to human…
Road carriage licence in Latvia
Road Transport Administration is entitled to issue road carriage licences in Latvia. The costs of the Road Transport Administration services: – issuance of a certificate for own-account carriage of passengers by bus and freight by heavy goods vehicles (for a period of one month) – LVL 2.20; – drafting of…
Corporate Income Tax in Latvia
Regulatory framework. The main regulatory framework concerning the corporate income tax is the Law “On Corporate Income Tax”. The corporate income tax is imposed on the company profits. The corporate income tax is paid by: • companies, individual enterprises or farms, or fish farms registered in Latvia which prepare annual…
Patents in Latvia
The aim of a patent is to protect the rights of an inventor and owner of the patent and to facilitate activities of inventors. It is a document which verifies the rights of its owner to the object specified in the patent according to the State’s laws. A patent for…
Micro-enterprise in Latvia
Tax Rate Explanation VAT 22% Obligatory registration as a VAT payer if turnover during previous 12 months exceeds 35,000 LVL (approx. 49,800 EUR) Corporate income tax The standard rate -15%. For micro companies – 9% (Turnover may not exceed 70,000 LVL (approx. 100,000 EUR) during the financial year. Supposing turnover…
Tax rates in Latvia
The aim of a patent is to protect the rights of an inventor and owner of the patent and to facilitate activities of inventors. It is a document which verifies the rights of its owner to the object specified in the patent according to the State’s laws. A patent for…
Visa in Latvia
What is a visa? A visa is a sticker of a particular design inserted in a travel document. However, it does not by itself grant the right to enter the Republic of Latvia. On 21 December 2007, Latvia joined the Schengen Area and became a lawful member state of the…