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 [...]

Usually, an individual, which considers to buy property in Latvia for personal use, for example an apartment, summer house, house, will register himself as the owner. In such a situation, it is not necessary to particularly consider tax aspects, except to take into account the fact that when the property is later expropriated, the income [...]