• In CIT returns, partnerships will show separate income obtained from:
    • disposal of shares,
    • dividends received,
    • disposal of publicly listed securities in the European Union or European Economic Area.

This means that partnership members who are natural persons will pay PIT on this income in the same way as when this income is obtained outside the partnership.

  • An option has been provided for non-residents to file a CIT adjustment for income obtained from consultancy services or use of property located in Latvia after taking into account the costs related to that income and applying a 15% CIT rate.
  • The same CIT regime applies to development finance institutions as to credit institutions.