Latvia: changes of VAT code 2014
The following changes have been taken place under the Latvian VAT code which will come into effect in January 2014. The requirement to appoint a VAT fiscal representative by non-resident taxable persons is withdrawn. For advertising costs, the
See MoreLatvia: Parliament amends the Micro-enterprise tax law
According to the amendments a natural or legal person who is a member of a partnership can’t be a micro-enterprise tax payer. The proposal will come into force from July 1, 2014 so that a partnership member can withdraw his/her membership within
See MoreLatvian Parliament approves the State budget for 2014
The Latvian Parliament approved the Law on the State Budget for 2014, the Law on Medium-Term Budget Framework for 2014–2016 and amendments to 37 budget-related laws on November 7, 2013. Next year, Payments made from the Maintenance Guarantee Fund
See MoreLatvia adopts 2014 budget project in the first reading
On October 17, 2013 the Latvian parliament adopted the draft of the 2014 budget, a draft of the medium-term budget for 2014-2016 and 38 related amendments in the first reading. Next year’s budget revenue is planned at EUR 7 billion, and expenses
See MoreLatvian Government approves the national 2014 budget
On 1st October 2013 the Latvian government approved the national budget for 2014 with the budget deficit planned at up to 0.9 percent of GDP. Revenues to the central government consolidated budget next year are planned at 7.004 billion Euros and
See MoreLatvia –Mexico: Treaty enter into force
The treaty between Latvia and Mexico for the avoidance of double taxation which was signed on 20 April 2012 is to enter into force on 2 March 2013. The maximum withholding tax on dividends is 10%, reduced to 5% where the recipient company is the
See MoreIncome Tax Treaty between Latvia and Turkmenistan enters into force
Latvia and Turkmenistan signed an Income Tax Treaty on 11 September 2012. This treaty came into force on 4 December 2012 and will be applicable from 1 January 2013. The treaty generally follows the provisions of the OECD Model, but the definition
See MoreDTA between Latvia and Russia entered into force
According to media reports, the double taxation agreement (DTA) between Latvia and Russia, signed in 2010, entered into force on November 6,
See MoreLatvia’s parliament approves a law to ratify a DTA and an amending Protocol signed with Mexico
According to media reports, Latvia's parliament has approved a law that would ratify a double taxation agreement (DTA) and an amending Protocol signed with Mexico. The parliament has also undertaken a second reading of a draft Protocol to the 2004
See MoreProtocol signed between Latvia and Georgia on DTA
On 29th May 2012, Latvia and Georgia signed a Protocol amending their existing Double Tax
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