Please note - if you are renting out property, you must submit a tax declaration starting from March 1st.
The declaration is submitted from March 1st to June 1st for rental income received in the previous year, from January 1st, 2019 to December 31st, 2019.
Tax is calculated as follows:
- For example, rental income of 1000 euros per year.
- Property tax in 2019 - 200 euros.
- 1000 euros - 200 euros = 800 euros
- 10% of 800 euros = 80 euros
- The tax amount is 80 euros
If your tenant is a LEGAL ENTITY, then you do not need to submit a declaration, and you do not need to pay tax. The legal entity submits a monthly report that it is renting property from an individual, withholds the tax, and transfers the remainder to the property owner.
Our company provides assistance to our clients in completing and submitting tax declarations.
If you wish to purchase quality real estate and individual approach is important to you, if you want to communicate with a real estate agent and lawyer in your native language, then contact our company KOM-INVEST! We will be happy to select a suitable property for you, answer all your questions, draw your attention to important details, arrange the transaction, process your residence permit, and manage your property.
For more detailed information about obtaining a residence permit in Latvia, see here in different sections.
Have questions? We look forward to your email or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST