Transfer pricing: can a manufacturer suffer losses?
Preword Manufacturing companies within the group may experience operating losses due to various commercial factors, including adverse market conditions, increased raw material costs, supply chain disruptions, or reduced demand. However, recurring or prolonged losses often [...]
Alternative dividend taxation regime from 2026 in Latvia. What does it mean for business owners and foreign investors? (video)
General Starting from 1 January 2026, Latvian companies whose shareholders are exclusively individuals can elect a new dividend taxation model: • 15% Corporate Income Tax (CIT) on distributed profits (instead of the standard effective 20% [...]
Working abroad? What Latvian residents need to know about taxes
If you are a Latvian tax resident and work or have worked abroad, it is important to understand where taxes must be paid, when a tax return is required, and how residency status affects your [...]
Transfer Pricing in 2026: Key Changes and Their Practical Impact on Businesses
As of 1 January 2026, significant amendments to the transfer pricing framework have come into force in Latvia. This article summarizes the key transfer pricing changes in 2026, explains which companies are affected, and provides [...]
Implementation of Transfer Pricing Regulation Amendments from 2026: Key Changes and Their Implications
Introduction On 1 January 2026, amendments to Article 15.² of the “Law on Taxes and Duties” entered into force, introducing several significant changes to Latvia’s transfer pricing regulation. The aim of these amendments is to [...]
What is the accounting process in Latvia?
Introduction In Latvia, the accounting practices are primarily governed by national laws which are mostly aligned with EU directives, thus ensuring both local relevance and international compatibility. This article explores the accounting process in [...]
