Taxes

Definition of tax
a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
Corporate Tax in Latvia
The standard rate of corporate tax in 2008 in Latvia is 15%.

A new company may ask for its first financial statements to be submitted for a period of up to 18 months from the date on which the company was founded.

Latvia Capital Gains
Foreign, non-resident, companies that sell real estate in Latvia, must deduct a final tax of 2% from the proceeds of the sale.

Individuals pay 25% capital gain tax on sale of real estate or shares of a real estate company. The tax rate for self employed is 15%.…