How can assist the SRS?

Every enterprise operating legal business in Latvia is related to the State Revenue Service (SRS), since this institution ensures accounting of taxpayers, collection of various taxes, duties and other mandatory nationwide fees, as well as collection of payments for the budget of the European Union, and deals

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What is the Accounting Law?

The Accounting Law is the main regulatory enactment in Latvia governing the accounting procedures and stating the basic principles to be followed by the companies of our country and accountants thereof. Over time, the law changes according to the market situation. What does the Accounting Law apply

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What taxes must be paid on dividends?

Dividends are one of the most favoured words of the managers, as it refers to the profits made by the shareholders of a company in respect of their share in the company. Taxes are withheld for the paid dividends. Dividends are usually paid in cash. The important

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Corporate income tax law

Corporate income tax or CIT is the direct tax that is basically paid from company profit. Application of the tax is regulated by CIT law, which has been subject to significant changes comparatively recently. Who are CIT payers? The tax is paid by domestic companies, state or

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What is a VAT law?

According to many experts in Latvia, value added tax or VAT is one of the most complex and difficult to calculate taxes. It is also the tax that is most frequently involved in litigation; different explanatory seminars on the VAT are organised, since the application of the

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