Consult a specialist
Login
English
Currency: EUR

PUBLISH ADS
FOR FREE

CHAT WITH US
Messenger or WhatsApp

WE OFFER 24/7 SUPPORT
NEWS
Plans for tax breaks for entrepreneurs up to three years
Business leaders and workers are expected to have tax breaks of up to three years, Monday, following a report by the finance minister Jan Reir (JV) on Monday, following a steering group to support the business and employees of Covid-19 to remedy the economic consequences of coronavirus disease.

The Ministry of Finance (MoF) is currently working on three support instruments in cooperation with government social partners. Firstly, credit guarantees to allow a company facing temporary cash flow problems to defer payment of the principal until the situation is resolved. Such a support program will be provided by the "Development Finance Institution Altum" ("Altum").

Secondly, there is the idea of ​​deferral of tax payments, or tax holidays, which can already be extended by one year at the State Revenue Service (SRS).

Director General of the SRS Ieva Jaunzeme said that the law currently provides for tax holidays of up to one year, but it is planned to elaborate amendments that will extend this term to three years.

The conditions for granting tax holidays will be maintained, New Zealand stressed. The SRS will evaluate the payment of the company's previous taxes, and the service will consider the requests individually, not automatically.
2020, 16 March
Plans for tax breaks for entrepreneurs up to three years
2020, 16 March
Plans for tax breaks for entrepreneurs up to three years
The Bank of Latvia and Finance Latvia Association have reached agreement
2020, 11 March
The Bank of Latvia and Finance Latvia Association have reached agreement on the basic principles for writing off mortgages taken out during the crisis years
Ministry of Justice proposes to abolish primary housing tax from 2022
2020, 9 March
Ministry of Justice proposes to abolish primary housing tax from 2022
Investing in new real estate projects in Latvia has shrunk by one third over the past three years
2017, 15 June
Investing in new real estate projects in Latvia has shrunk by one third over the past three years, Martins Vanags, the head of the National Real Estate Development Alliance, said today at the construction industry forum "Competitiveness. Growth. Investment", reports LETA.
Kemeri Sanatorium should be renovated by October 2019
2016, 12 August
Park Hotel Kemeri should renew the historic Kemeri sanatorium complex in Latvia
Apartment transactions in Riga jump 13% y-o-y in June
2016, 7 July
The average price of standard-design apartments in the Latvian capital Riga climbed 3.5% from the beginning of this year to EUR 696 per square meter in June.
Amendments to Immigration Law in Latvia
2016, 21 April
Amendments to Immigration Law in Latvia scared-off Chinese citizens requesting residency permits
Notaries: it is possible to reduce real estate transactions by 40%
2016, 6 April
Notaries: it is possible to reduce real estate transactions by 40%
 
All rights reserved Terms of Use and Privacy Policy