We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.
Mikko Fernström, General Manager, Biogen Latvia
Taxation
AmCham Tax Working group has created a proposal to address the disparate tax burden on foreign and local private investors who receive dividends in Latvia. In the current CIT framework, private investors who are concurrent taxpayers in other EU/OECD countries with a different CIT and PIT system cannot apply for double tax treaty benefits. As a result, profits earned by investors are subject to tax both in Latvia and the investor’s country of tax residence. This significantly hurts Latvia’s ability to attract and retain investment compared to other jurisdictions in the region.
2023
On June 30, the joint call was addressed to the Prime Minister, line ministers, and Saeima's Committees. Signatories include the American, British and Norwegian Chambers of Commerce in Latvia, FICIL, LETERA, Latvian Exporters Association The Red Jackets, the American Latvian Association, the Latvian American Chamber of Commerce in the U.S. and the World Federation of Free Latvians.
To view the statement (LV)
To view the statement (ENG)
2022
On March 3, AmCham addressed the Ministry of Finance with its proposal.
I look forward to promoting stronger U.S.-Latvia ties and working with AmCham members to ensure Latvia is a trusted destination for international business.
John Tully, Chairman of the Board of MikroTik