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The State Tax Inspectorate (STI) announced tax measures for business due to the COVID-19 situation. Possibility to postpone tax payment terms The STI has announced a list of companies that should be deemed to be affected by COVID-19. The list is available for downloading on the VMI website. The following tax payment term extension measures […]
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What can you do with taxes to survive the crisis? The globally spreading coronavirus is putting pressure on a large number of companies and creating difficulties in various economic sectors. While sector-based tax moratoria and advantages are yet being planned by the government and taxes must continue to be paid as usual (including VAT on […]
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Since announcing a state of emergency on 12 March 2020 due to COVID-19, the Latvian Government has been working on measures to support affected companies. The following support is already available: Payment of salaries to employees from the state budget: where employees are not working as a direct consequence of limitations imposed by the Government (an order on […]
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On March 22, the law “On Measures to Prevent and Manage National Threats and Consequences of COVID-19” (Law) was passed. The law enters into force retroactively, as of 12 March 2020, when a state of emergency was declared in Latvia. The law contains provisions on the following tax items. 1. Extension of payment of taxes […]
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In Latvia there is a general option to apply to extend the tax payment deadline up to 1 year. This week the government is also discussing additional measures for business areas affected by COVID-19 and has promised to apply all tax measures in order to help to stabilise their financial situation. Currently these measures are […]
