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B. NATIONAL ENTERPRISES

The law does not define the term “national enterprise” any more than it defines a “foreign enterprise”, and we must understand by the term “national enterprise” any enterprise whose seat of management is in Latvia.

As mentioned in Part I, taxation in Latvia is based not so much upon the domicile of recipients of income as upon the source of that income.

The observations in Part I, under the heading of “Taxable Income”, make it unnecessary to dwell upon the fiscal treatment applying to each kind of income that these enterprises may derive from abroad.

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