As part of the Budget for 2015, adopted 17 December 2014, new rules apply for the tax treatment of non-resident income from management and consultancy fees paid by Latvian residents, and rental income from the use of property in Latvia.
Under the new rules, non-resident companies have the option to apply the corporate tax rate (15%) instead of the final withholding tax rates if they are resident in an EU Member State or a jurisdiction that has entered into a tax treaty with Latvia. The with…