«Lange and Co» LLC
Republikas laukums 3-201, Riga, Latvia
Phone: (+371) 29541486, faks: (+371) 7320730
E-mail: roman@lange1991.lv
According to international conventions and agreements signed with Latvian state, a company can pay income tax in registration (domicile) country from income gained after re-selling of real estate, which was previously purchased in Latvia. This applies to non-residents of Latvia, which are legal persons (company). Such possibility applies to the following countries: the USA, the UK, the Netherlands, Austria, Canada, Czech Republic, Denmark, France, Greece, Estonia, China, Israel, Lithuania, Norway, Poland, Portugal, Finland, Spain, Switzerland, Uzbekistan, Germany, Vietnam, Sweden.br />
Besides, in accordance with intergovernmental agreements on protection of mutual investments, non-residents of abovementioned jurisdictions can freely repatriate from LR profit gained from selling (alienating) real estate.

As in cases, when convention about avoiding double tax is signed between Latvia and non-resident registration state, non-residents, which have paid the tax to their residence country, and tax-rate for this tax is lower than for correspondent tax in Latvia, can submit to Latvian tax authority (State Revenue Service) tax statement from a tax authority of residence country.

Tax rate for non-resident, gaining benefit from selling of real estate in Latvia, comprise 2% from the benefit amount.

Personal Income tax
According to «Law on personal income tax» it is not necessary to pay the tax if profit is gained from selling real estate owned by non-resident, if duration of ownership is longer than 12 months (counting from making corresponding record in the Land book).
In case when duration of ownership for the sold property is less than 12 months, rules and rates for Company income tax for non-residents are being applied.