ELIGIBLE EXPENDITUREPersons, wishing to receive the overpaid tax for eligible expenditure, can submit a declaration till the end of a year. Person can receive overpaid tax:
if in Latvia or abroad have been paid social security contributions, which were not taken into account in determining the taxable income of salary;
on the expenses are incurred for paying members of his family education and medicinal services, health insurance premium payments;
on the author expenditure (15-40% of royalties);
on the donations or gifts for the public-benefit organizations or the institutions *;
for contributions to private pension funds and life insurance premium payments (no more than 10% of annual taxable income each) *.
* The total amount of eligible expenditure shall not exceed 20% of taxable income.
The eligible expenditure on education and medical services will be determined by the Regulations No.336 of the Cabinet of Ministers of August 4, 2001 "The regulations on eligible expenditure on education and medicinal services". In accordance with the provisions of Regulations eligible expenditure cannot exceed Ls 150 (in 2009 - 300 lats) per person and his family members (each). The rules set spending limit does not apply to:
• expenditure on the planned operations;
• dental services (including dental prosthetics).
The more particular information in Latvian about eligible expenditure you can find here:
The home page of the SRS „INNOVATOR” LTD. will render you the tax consultations in composing and filling of annual declaration of income. In the section „PIT declaration form” you can fill an Annual declaration of income.
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