Report on Taxes in Latvia I’ll begin with general ideas about taxes and taxation in Latvia. Taxation principles are determined by the law “On Taxes and

Dues”. Taxes are administrated by the State Revenue Service and authorities established by it. The Republic of Latvia has the following State taxes: personal

income tax, enterprise income tax, immovable property tax, value added tax, excise duty, customs duty, natural resources tax, lottery and gambling tax,

mandatory payments of State social insurance. I’ll tell more about Personal income tax. The law “On Personal Income Tax” determines it. Latvian residents are

taxable on their worldwide income. Non-Latvian residents are liable on their income derived in Latvia. The tax rate is 25%. The taxable income is income

gained from labour relations, pensions and economic activities. Certain individual income is exempt from income tax in Latvia. Personal tax paid abroad may

be credited again a tax payable in Latvia, but not for more than 25 % of the income taxed abroad.





1.determined - noteikts
2.State Revenue Service - Valsts ieņēmumu dienests (VID)
3.municipality government - municipālā pārvalde
4.provided - pārvalde, valdīšana
5.enterprise - uzņēmums
6.immovable property - nekustamais īpašums
7.value added tax - pievienotās vērtības nodoklis (PVN)
8.excise duty - akcīzes nodoklis
9.natural resources tax - dabas resursu nodoklis
10.lottery and gambling tax - loteriju un azartspēļu nodoklis
11.mandatory payments - obligātie maksājumi
12.insurance - apdrošināšana
13.resident - iedzīvotājs
14.worldwide income - vispasaules ienākums
15.derived - atvasināts
16.rate - tarifs, likme
17.labour relations - darba attiecības
18.pension - pensija
19.Certain - noteikts
20.payable - maksājams