With the advance of the economic crisis that we are forced to undergo, an increasing number of Italians decide to move to foreign countries. Italy, in fact, now does not offer many possibilities of employment and an increasing percentage of citizens, tries to improve their living conditions abroad. One of the most popular destinations is Latvia, a country belonging to the European Union.
Non-residents, however, are required to pay exclusively for taxes relating to the proceeds produced in Latvia.
Foreign companies without a permanent organization are, however, required to pay the state a figure calculated on the basis of the current rate. The tax rate for companies resident in Latvia is 15%, while non-residents vary between 2% and 15%.
