The new Corporate Income Tax Act into force on 1 January 2018. One of the declared goals of the corporate income tax was to facilitate the companies’ capitalization and thus, “reinvesting” of the profits earned. Therefore, the corporate income tax is payable only when the dividends are distributed or if the company incurs expenses which [...]

Corporate income tax In the new Latvian Corporate Income Tax Act (hereinafer - the Act) a conceptually new regime for payment of the corporate income tax was established. The act intends to postpone payment of the tax until the profit is distributed or in other way redirected to the expenses that do not ensure further development [...]