We re-affirm our commitment to the values that AmCham stands for and that we share.
Kārlis Danēvičs, Board member, Head of Credits and Risk at SEB Banka
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.
2025
We are continuing to address the tax burden issue this year. We have sent a letter to the Minister of Economics and the Minister of Foreign Affairs, substantiating our statement, and continuing to actualize this issue.
Article - Government could decide on more favourable tax treatment for US investors (LV)
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.
We re-affirm our commitment to the values that AmCham stands for and that we share.
Kārlis Danēvičs, Board member, Head of Credits and Risk at SEB Banka