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Latvia News Coverage

- 18/01/2012 EU Tax Burdens Stabilize
- 08/07/2011 Eurostat Notes Rising Consumption Tax
- 04/04/2011 European Council Adopts Fiscal Package
- 14/01/2011 Baltic States Maintain Commitment To Fiscal Discipline
- 22/12/2010 China, EU Discuss Untapped Trade Flow Potential

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Latvia Tax Treaty Updates from TreatyPro

Treaty Update: Latvia - China
26/1/2012
According to preliminary media reports, Latvia ratified its DTA with China on December 22, 2011.

Treaty Update: Latvia - Mexico
13/1/2012
Latvia's Cabinet has approved a draft DTA with Mexico, the country's Ministry of Finance confirmed on January 10, 2012.

Treaty Update: Latvia - China
7/12/2011
According to preliminary media reports, the Latvian government approved and forwarded to parliament legislation that would ratify a Protocol to the 1996 DTA signed with China.

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Lowtax Network Comment System

To ask a question or if you have an opinion you want to share: start a new thread, or reply to a thread below:

Topic: Lowtax.net General

Thread Title

lowtax.net text says: "The normal minimum capital requirement is KYD42,000." does this mean that an incorporator has to pay KYD42,000 to the government or keep it in a cayman bank or what? thank you in advance for your reply

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Topic: Lowtax.net General

What's the cheapest offshore company formation service?

I'm from the EU, and would like to open a company (either inside or outside the EU) that would allow me not to pay VAT when buying Internet services from the EU (typically from Germany). It would also provide me with a more professional name to hold all my domains and Internet services, and help me keep my home address private.

Can anyone suggest a good service that will take care of this? Cheapest meaning it shouldn't be too expensive to open AND maintain, as I won't really be trading anyway (using services for my own benefit at the moment, so I also don't need bank accounts etc. for the company)... Anto

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Topic: Lowtax.net General

Hi there, I have Polish citizenship...

Hi there, I have Polish citizenship and have been working on a contract with a British company in Saudi Arabia where I will be staying for over two years or even more. My family (wife and two kids) are residing in Poland, which means that I am classified by Polish tax law as a Polish tax resident even if I work offshore. The question is how can I rescue my money earned in the KSA from the draconic taxes in Poland. Some nationals like British are exempt from the home tax if they earned the money in KSA. Waiting for any creative solutions - and can pay for the professional and workable advice.

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Topic: Lowtax.net General

Help: Offshore Business Account with Good Wire Transfer Facility

Hello friends,

I am in deep trouble here. SO I am from India and into performance marketing [online lead generation business] from last 5 yrs almost and last year I started one performance marketing company here in India. It has around 70 good active affiliates and all of them do good volume of business. It was going smooth and I was sending bank wires regularly to my affiliates from my indian business account until I got a freaking letter from income tax department that I need to pay 30% tds [tax deduction at source] for every outgoing foreign remittance [please note its not in profit but every outgoing remittance in foreign currency] and that brings full stop to my business. Right now I am sending those payments through a friend's business account but I know very soon he is also going to have that warning letter.In India outgoing foreign remittance are very sensitive issue for governments , I guess due to economy.

So, I need solution. I tried US LLC but they need that I go there in person and open the business account and I need someone with 'money transaction' authority in the USA from my bank account since am from India. And I don't have any one so much reliable in the US.

So, only option left is offshore business account in Panama [?] or British virgin Island or can anyone suggest me? What I need is lots of incoming and outgoing wire transfers facility every month. Like 40 incoming wire transfers from USA and UK [from advertisers] and 240 outgoing international wire transfers every month [to affiliates] so that I can concentrate on my business instead of taking tension about these silly issues. Do you know panama/British virign Island/whatever good offshore location banks allow to do it online without rising issues?

Thank you in advance. Jit Uppal

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Topic: Lowtax.net General

REDOMICILE OF ISLE OF MAN CO

Could someone tell me to what juristictions can an Isle of Man Exempt Company be re-domiciled which will have cheaper annual fees i.e Dominica, Belize e.t.c and what documents are needed to do so Thank you
Peter

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