Tax system in Latvia - Ministry of Finance of the Republic of Latvia

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2017

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Gift games latvia 2017

Postby Migal В» 24.12.2018

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Ministry of Finance of the Republic of Latvia 1 Smilsu st. The Ministry of Finance shall develop state tax and customs policy, as well as prepare recommendations for institutions responsible for tax and customs administration on implementation of tax and customs policy activities.

Presentation of Tax reform in Latvia. Profits gained by a taxpayer are not taxed until its distribution. Whereas, the recipient of dividends — a natural person shall not pay personal income tax from the above-mentioned dividends.

CIT shall be withheld from the following payments made to non-residents:. Taxation period is a calendar month. Taxation period return is submitted to the State Revenue Service until the 20 th date of the following month, if:. Other CIT taxable objects occurring during the reporting year shall be included in the taxable base in the last taxation period of the reporting year, and the return shall be submitted to the State Revenue Service until the 20 th date following the month, in which the reporting year ends.

CIT regime is applied to distributed profits and deemed profit distributions provided that the profits are gained after 1 January Incentives for taxpayers making donations - 3 parallel alternatives. Taxpayer who has donated to a public benefit organization PBO , budgetary institution or to the State capital company, carrying out the state culture functions delegated by the Ministry of Culture is entitled to use one of three alternative incentive models:.

Limitations — tax incentive is not applied, if at least one of the following conditions exist:. A taxpayer is entitled not to apply CIT repeatedly to the provisions, which are reflected in the balance sheet as of 31 December , to the accounts receivable written off occurred until 31 December as well.

The possibility to complete the use of CIT rebate for the supported investment projects is maintained for taxpayers, to whom the rebate is granted in accordance with the rules of Article The Regulations shall determine the information which is necessary for the calculation and administration of CIT in accordance with the Corporate Income Tax Law, including the information on the distribution of profits and other expenses occurred to a taxpayer during the taxation period and the reporting year, the information necessary for the calculation of tax allowances etc.

The forms of the tax returns are not approved by the Regulations, as they are not provided for by the delegation of Para 1 of Article 17 of the Corporate Income Tax Law. The Regulations on the information to be included in CIT return.

The Regulations on low tax or tax free countries and territories. Current rule is maintained in the Regulations, which provides for that the specific jurisdictions shall not be considered as low tax or tax free countries or territories anymore, if an international agreement providing for the information exchange on request has been concluded and its application has been commenced.

Annual differentiatednon-taxable minimum will be calculated according to the formula specified by the Cabinet of Ministers and applied according to the summary procedure by submitting an annual income declaration by a payer. Annual income up to which maximum non-taxable minimum is applied, euro. Annual income up to which non-taxable minimum will gradually reduce, according to the formula, euro. Insured persons and their employers shall pay state Social Insurance Mandatory Contributions.

Tax rate differs for those taxpayers who are insured for less types of social insurance self-employed persons, pensioner etc. General organizational and financial principles of state social insurance is regulated by the Law On State Social Insurance.

Law determines the circle of persons who must make social insurance contributions i. There are 6 types of social insurance for which either persons themselves or their employers make social insurance contributions: pension insurance, insurance against unemployment, insurance against work injuries and occupational diseases, disability insurance, maternity and sickness insurance and parental insurance. Persons are insured against those social risks, which can actually set in, for instance, self-employed persons do not make social insurance contributions for unemployment and work injuries because they bear responsibility for their work conditions.

In order to ensure the continuity of social insurance length, separate groups of persons, for instance, receivers of maternity, paternity, child care or parental benefit, persons who receive unemployment benefit, unemployed disabled persons etc. For more information, see home page of the Ministry of Welfare.

The following entities may become a microenterprise tax payer:. In order an entity would be entitled to pay a micro-enterprise tax, a micro-enterprise shall comply with the following criteria:. Pursuant to the Microenterprise tax law a micro-enterprise is entitled to opt for payment of the micro-enterprise tax, if the income of a micro-enterprise employee from the taxpaying micro-enterprise does not exceed euros per month.

Within the meaning of the Microenterprise tax law a term micro-enterprise employee shall mean a natural person employed by a micro-enterprise on the basis of an employment contract and the micro-enterprise owner, as well as a procuration holder. An additional 1. The minimum tax payment for each taxpayer in each local municipality shall be 7 euro.

Local municipalities are entitled by adopting binding regulations to determine tax rates within 0. Tax rate exceeding 1. Local municipalities may issue binding regulations, which provide reliefs for separate categories of taxpayers specific groups of population pensioners, disables, performers of economic activities etc.

A taxable object is income, which exceeds a maximum amount of the object of the State social insurance mandatory contributions. Tax rate differs for those taxpayers who are insured not for all types of social insurance self-employed persons, pensioner etc. Calendar year for which maximum amount of the object of the State social insurance mandatory contributions is laid down in accordance with the Law On State Social Insurance.

Shall be paid by legal entities and natural persons. Shall be applied to oil products, natural gas, alcoholic drinks, beer, tobacco products, coffee and non-alcoholic drinks except natural juices and mineral water. Shall be paid by persons supplying electricity to the end-users and self-governing producers. Tax rate shall be set in lats per megawatt-hour. Shall be paid by natural persons and legal entities when importing goods into the EU.

Shall be paid by legal entities and natural persons if extracting natural resources, distributing or importing environmentally unfriendly goods or which are allowed to perform such activities.

Shall be applied to the taxable income obtained from 1 January until 31 December Revenue from the sale of tickets adjusted depending on the size of prize fund and the type of lottery. The gambling fee shall be paid for issuing or re-registration of a gambling licence for organisation of gambling on gaming machines, bingo, roulette cylindrical games , card games, dice games, totalisator, betting and games of chance via the telephone, as well as for issuing or re-registration of a gambling premises licence.

Gambling fee rates for the provision of gambling services. State fee for issuing of a new series of moment lottery tickets starting from the second series :. Ministry of Finance processes personal data according to the laws and regulations. Before providing your personal data, please get acquainted with data proceeding procedure.

In order to provide information accessible for the society, photos, as well as video and audio records might be made within the premises of the Ministry of Finance. Read More. All rights reserved. Lapas Karte. LV EN Site map. LV EN. Text version Easy to read Site map Print.

Home Taxes. Mar Feb Mar Apr. Tweets by Finmin. Tax system in Latvia Content Direct taxes Indirect taxes Other taxes.

CIT rates and main principles. Taxation period return is submitted to the State Revenue Service until the 20 th date of the following month, if: dividends are calculated; payments treated as dividends are made; deemed dividends are disbursed; expenses not related to economic activity are made; liquidation quota is disbursed.

Distributed profits shall include: calculated dividends, incl. Deemed profit distributions shall include: expenses not related to economic activity incl. Amendments to the Law dated of 23 May provide for to increase the intensity of the relief concerning the donations to PBO.

CIT taxable base for the calculated dividends one is entitled to reduce for the part of profits, which is reflected in the balance sheet of the enterprise as of 31 December , that is, the calculated dividends are not taxed with CIT repeatedly. Regulations of the Cabinet of Ministers. Purpose and nature of the Regulations To define the list of low tax or tax free countries and territories with a purpose to prevent the tax system abuse possibilities. The list developed, like until now, will be used only with a purpose to apply national legislative acts.

Thus, it ensures the prevention of the tax system abuse possibilities and serves as a criterion for the Financial and Capital Market Commission, when it drafts national legislative acts governing its competence, in order to identify, whether a specific customer is to be considered as a high-risk customer.

The list contains 15 jurisdictions. As the information exchange in the field of taxation is considered as one of the very important and effective instruments for the fight against tax evasion and avoidance, and it is an important condition for the effective cooperation among the states, which ensures the corresponding and correct taxation regime, the list contains the jurisdictions, with which Latvia does not have any legal basis for the exchange of information on request with these jurisdictions.

Those jurisdictions are not included in the list, with which Latvia has a legal basis to carry out information exchange on request, which correspond to the international standard of transparency and exchange of information in the tax area developed by the OECD Organisation for Economic Cooperation and Development Global Forum on Transparency and Exchange of Information for Tax Purposes.

Minister of Finance Mr. Janis Reirs. This website uses cookies to improve your experience in using it and to optimise its operation. By continuing the browser session or clicking the button "Agree", you confirm that you agree to use cookies. For more detailed information, please read the Cookie Policy of our website. Maximum annual non-taxable minimum, euro.

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Re: gift games latvia 2017

Postby Mojin В» 24.12.2018

Persons are insured against those social risks, which can actually set in, for instance, self-employed persons do not make social insurance contributions for unemployment and work injuries because they see more responsibility for their work conditions. Gambling fee rates for the provision of gambling services. Portuguese Latvian food tasting tour at Riga Central

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Re: gift games latvia 2017

Postby Fejora В» 24.12.2018

Therefore participation in 2017 major skills competition is an opportunity for Latvia to attest the competitiveness of the vocational latvia by testing the professional skills of Latvian young people by competing with representatives from other latviw. Shooting with a range of guns! It was gifted by Bremen to Riga after the collapse of the Soviet Union, so you games see animal musicians from the famous fairy tale, stacked on each other and "breaking through the wall". Incentives for taxpayers making gift - 3 parallel alternatives.

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Re: gift games latvia 2017

Postby Malazuru В» 24.12.2018

Created by: Intelligent Systems. This event became a turning point in the history towards the statehood of Latvia. Russian 1. The Regulations on low tax or tax free countries and territories. Thank Davide G.

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Re: gift games latvia 2017

Postby Kazigrel В» 24.12.2018

Traveler rating. Thank Paula Z. Jog Latvia in the World.

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Re: gift games latvia 2017

Postby Grolabar В» 24.12.2018

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Re: gift games latvia 2017

Postby Kazrajind В» 24.12.2018

Shall be paid by legal entities and natural persons. Thank ivonnab The most welcoming place i know, with the most adorable and delicate gifts for your most precious ones gaes just for you to enjoy life. Home Taxes.

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Re: gift games latvia 2017

Postby Yogis В» 24.12.2018

Paula Z. Deemed profit distributions shall include: expenses not related to economic activity incl. Review tags are currently only available for English language reviews.

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Re: gift games latvia 2017

Postby Nikolrajas В» 24.12.2018

English Reviews Hungarian 1. Date of experience: July About WorldSkills.

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Re: gift games latvia 2017

Postby Dadal В» 24.12.2018

Poker games kazan young professionals were selected for participation at the competition WorldSkills :. Time of year. Log in to get trip updates and message other travellers. More than 30 candidates for the team of Latvia participates in trainings and master classes with industry professionals organised by VIAA during several months. Tax rate differs for those taxpayers who are insured not for all types of social insurance self-employed persons, pensioner etc.

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Re: gift games latvia 2017

Postby Mera В» 24.12.2018

Date of experience: May Be a part of the festivities. The competition WorldSkills for young professionals is an event held every two years and alternates with the European source professional skills competition EuroSkills. This monument is so tiny you can lost it from 217 eyes when you don' look at gambling behold side. The symbolic tourist attraction is centrally located near St Peters church.

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Re: gift games latvia 2017

Postby Zulkigal В» 24.12.2018

In order to provide information accessible for the society, photos, as well as video and audio records might be made within the premises of the Ministry of Finance. Glock17, AK It just looked like four animals on a pole. Write a review.

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Re: gift games latvia 2017

Postby Golmaran В» 24.12.2018

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Re: gift games latvia 2017

Postby Moogukora В» 24.12.2018

Thank Paula Z. Just like inwhen Latvia became an independent state in a democratic way, in Latvia regained its independence democratically. Japanese Most beautifull cards, party decorations, notebooks - you must visit this shop if you are in Riga.

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