Efficient Bookkeeping in Latvia

Ensuring Accuracy, Compliance, and Business Success

At House of Companies, we understand the importance of efficient bookkeeping for your business in Latvia. Our services are designed to simplify your bookkeeping processes, ensuring accuracy and compliance with Latvian regulations.

Ready to Simplify Your Bookkeeping
in Latvia?

Our expert team is ready to help you streamline your bookkeeping tasks. With our automated solutions, you can focus on growing your business while we handle the financial details. House of Companies simplifies the procedure of submitting your data using a single source for all documents, data, and reports. You can track our progress and your profits in real-time!

Advantages of
Automated Bookkeeping


Accuracy: Minimize errors and ensure precise financial records.

Automate repetitive tasks, freeing up your time.

Real-Time Insights: Access up-to-date financial data for better decision-making.

Find out what others have
to say about us.

"House of Companies has transformed our bookkeeping process. Their automated solutions are efficient and reliable, allowing us to focus on our core business activities."

Global Talent Recruiter

"My accountant in India drafts my VAT reports and submits the returns using the Entity Management system! It's been seamless."

Spice & Herbs Export

"The knowledge and support from House of Companies helped me feel more confident about managing my own tax filing, and it worked perfectly!"

IT firm

Latvia Corporate Tax Specifics

Corporate Tax Rate

The standard corporate tax rate in Latvia is 20%, applying to resident companies and non-resident establishments.

Taxable Income

Taxable income includes worldwide profits, dividends, interest, royalties, and capital gains. Deductions are allowed for business expenses and depreciation.

Tax Incentives

Latvia offers tax incentives such as reduced rates for Special Economic Zones (SEZs), R&D expense deductions, and support for startups.

Tax Compliance and Reporting

Companies must file annual tax returns by June 1st, make advance tax payments, and comply with transfer pricing regulations.

Looking for Full Facilitation by an
International Tax Adviser?

Our international tax advisers provide comprehensive support for your business in Latvia. From tax planning to compliance, we ensure that your business meets all local and international tax obligations. If you need help filing your tax return, House of Companies is here to help.

Advantages of our
Accounting Compliance


Benefit from the expertise of our seasoned accountants.


Ensure your business adheres to all Latvian accounting regulations.


Optimize your accounting processes to save time and money.

Learn more about taxes

VAT Filing Case Studies

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    The Netherlands

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      Austria

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Frequently Asked Questions

What are the basic bookkeeping requirements in Latvia?Businesses must maintain accurate and up-to-date financial records, including invoices, receipts, and bank statements.
How often should VAT returns be filed in Latvia?VAT returns are typically filed quarterly, but some businesses may be required to file monthly.
What is the corporate tax rate in Latvia?The corporate tax rate in Latvia is 20%.
Are there any tax incentives for startups in Latvia?Yes, Latvia offers various tax incentives and grants to support startups and innovative businesses.
How can I ensure compliance with Latvian accounting standards?Partnering with a professional accounting service like House of Companies ensures compliance with local standards.
What documents are required for a tax audit in Latvia?Key documents include financial statements, tax returns, invoices, and receipts.
How can automated bookkeeping benefit my business?Automated bookkeeping improves accuracy, saves time, and provides real-time financial insights.

Wherever I pay tax,
that’s my home.

Feel welcome, and try out our solutions and community,
to bring your business a step closer
to international expansion.

Got questions? 
Lets talk about your options

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