Business opportunities in Latvia

The Latvian Startup Guide highlights the main advantages and opportunities of the Latvian support package for startup companies relocated to Latvia (Latvian startup welcome pack). It also contains basic information about moving to Latvia and everyday life. If you have any questions, please send an email to [email protected].

Annual income tax return

If a person has a registered economic activity: An annual income tax return must be filed between March 1 and June 1. The declaration indicates the income received during the year and calculates the personal income tax payable.

When submitting an annual income tax return, income is subject to the tax-free minimum and the dependent's allowance. At the same time, Ukrainian citizens are not eligible for tax benefits for medical treatment, education and donations. The annual income tax return is filed online in the electronic declaration system.

If you need help from a specialist of the State Revenue Service to complete the declaration, you can get help and advice by calling +371 67120012