TAX LAWS AND REGULATIONS

The system of taxes and fees of Latvia consists of:

  • state taxes (determined by Saeima);

  • state fees (are imposed in accordance with the Law on Taxes and Fees, other laws and regulations of the Cabinet of Ministers);

  • municipal fees (are imposed in accordance with the Law on Taxes and Fees and obligatory regulations issued by municipal council).

The system of taxes and fees of Latvia is regulated by the Law on Taxes and Fees, that is to be considered as the “umbrella law” on taxes and fees. There are eleven taxes in Latvia that are imposed in accordance with laws on the concrete tax:

  • personal income tax;

  • enterprise income tax;

  • immovable property tax;

  • value added tax;

  • excise tax;

  • customs;

  • natural resources tax;

  • lotteries and gambling tax;

  • obligatory payments of state social insurance;

  • motorcars and motorcycles tax,

  • electrical energy tax.

The state fees are imposed in accordance with the laws and regulations of the Cabinet of Ministers, and there are about 60 kinds of state fees. The municipal fees are imposed in accordance with the obligatory regulations issued by concrete municipality.

Additional information about tax system in Latvia you can find here:

Home page of Investment and Development Agency of Latvia

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