Latvia - 2014 Corporate Tax Changes
- Z.G. Kronbergs
- European Taxation, 2014 (Volume 54), No 11
- 10 October 2014
This note addresses corporate tax law changes introduced effective 1 January 2014, including, the abolition of group loss relief, the notional interest deduction and withholding tax on interest and royalties; the introduction of a 30% tax on “extraordinary” dividends, a minimum tax and a super deduction for R&D; an increase in the tax rate for micro-enterprises; a new definition of excessive interest; and tax changes regarding the disposal of Latvian immovable property.