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The TaxLink Baltic’s client is the first foreign company in Latvia, which has recovered the overpaid payment of corporate income tax for the shares sold

The TaxLink Baltic team has provided support to the company to recover the withholding tax for the shares sold.



The TaxLink Baltic team has provided support to the company to recover the withholding tax for the shares sold.

Starting from 2015 the amendments to the Law "On Corporate Income Tax", as well as the changes in the Cabinet of Ministers Regulation on Law On Corporate Income Tax came into force. According to these regulations, a foreign taxpayer has rights to recover the overpaid corporate income tax from the sale of shares, from the income generated by providing management and consulting services and from the income generated by using a property which is located in Latvia.

The TaxLink Baltic’s client is the first foreign company in Latvia, which has recovered the overpaid payment of corporate income tax according to mentioned amendments of the law and in the respective regulations.