Significant changes to the application of Personal Income Tax from 2025
Key changes to Personal Income Tax (PIT) that affect every taxpayer.
News
Latest updates, articles, and tax consulting insights.
Paying Microenterprise Tax in 2025 is beneficial
Tax application conditions that are favourable for Microenterprise Tax (MET) payers remain in force.
Special PIT regime for royalties extended
The period during which the special Personal Income Tax (PIT) regime may be applied to royalties has been extended until 31 December 2027.
Taxes on income from renting out real estate
One of the current priorities of the State Revenue Service (SRS / VID) is the legalisation of income from renting or leasing real estate.
Receiving money from relatives or other persons abroad
Latvian regulations set out how a taxpayer should act with regard to money received from relatives or acquaintances abroad.