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Case Study - Tax Declaration Assistance

Assistance with resolving disputes regarding payment of property rental tax

We help our regular clients resolve various issues.

If you need to enroll a child in school - we'll find school contacts and clarify information.

If you wish to purchase a car - we'll find out how to properly pay customs duty.

Recently we managed to resolve a complex and confusing situation. In 2017, rental income was received.

The tenant was a legal entity, and this legal entity was supposed to pay rental payments.

But due to financial difficulties, the director of this company began paying rent in his own name, i.e., as a private individual.

In the first case (if a legal entity), the tenant pays tax on rental income. The company pays 10% to the budget and transfers 90% to the apartment owner.

In the second case (if a private individual), the owner receives all 100%, and must pay the tax themselves.

Our client had a dispute with the tax authority about how to correctly calculate the income amount and what tax to pay.

Thanks to our assistance and proper document preparation, we managed to prove that REGARDLESS of who paid the rent, in this case the company was supposed to pay the tax.

Thus, the apartment owner, our client, owes nothing to the state. We provided clarifications and received confirmation that everything is in order.

We are pleased with such situations when we can help our clients and resolve complex issues.

If you wish to purchase a good real estate property, and individual approach is important to you, if you want to communicate with a real estate agent and lawyer in your native language, contact our company KOM-INVEST! We will be happy to select a suitable property, answer all your questions, draw your attention to important nuances, complete the transaction, arrange your residence permit, and manage your real estate.

For more detailed information about obtaining a residence permit in Latvia, see here in different sections.

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Phone number: +371 29774775
Email: info@kominvest.com

Skype: KOM-INVEST

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