If you use the company car entrusted to you by your employer for personal purposes, starting from 2010 you will have to face additional expenses. The possibility to use company car for private purposes is treated as a benefit granted to employee by employer. The value of this benefit has been expressed as precise amount of money that is calculated based on the car’s engine displacement volume. Read more. »

The motor vehicle duty is applicable to all the owners of motor vehicles registered in Latvia. Paid duty is a precondition for passing the roadworthiness test. As of January 1, 2010 the adjusted duty rates are applicable. Read more. »

Starting with 2010 the real estate tax also applies to the residential premises, such as flats and private houses. Until January 1, 2010 the real estate tax in the amount of 1% was applicable only to land property and commercial premises.  As of January 1 the tax on land and commercial premises has been increased to 1.5%, while the tax on unmanaged agricultural land has been raised to 3% of the property’s cadastral value. Read more. »

The personal income tax or salary tax is applicable to the larger part of our society, since it is payable by all registered employees who are engaged in paid work. However, the amount of net salary depends not only on the personal income tax, but also on the set non-taxable minimum income, the mandatory state social insurance contributions’ rate, the number of your registered dependant persons and whether you have submitted your salary tax journal to your employer. Read more. »