Rrelieved activities of Latvian investors in India and Indian investors activities in Latvia

There will be relieved activities of Latvian investors in India

To promote entreprenuership in Latvia and India Ministry of Finances accepted law project on agreement of government of The Republic of Latvia and government of The Republic of India about avoding of double taxation and of avoiding of payment taxes of income taxes. More about taxes you can read in section accounting services.

Now Latvian and Indian investors are obliged to pay taxes only according the tax laws and tax regulations in the second country. Another country can change tax rates and also taxes calculating formulas and procedures. At the moment there are no guaranties to investors about unchanging of taxation in longer period, and that results to inability to plan investments, pay off and profit in second country. This agreement will relieve activities of Latvian investors in India and activities of Indian investors in Latvia, and in total it will promote attracting of foreign investments, it will make stable investment environment and it will put in order taxations according to international taxation standards.

Purpose of this agreement is to provide secure payment of taxes to both India and Latvia investors and that  tax system is not impacted by changes in other countries laws and regulations as well as make stable basic of cooperation of state institutions of both countries and of course to remove possibilities to avoid of paying taxes.

With this agreement it will be more stable and more secure taxation regime to Latvian and Indian investors related to incomes from entrepreneurship and to other incomes such as dividends, interests, copyrights and reward to technical services which are defined in agreement and regarding those to which are set up maximum limits.

It is certainly said that in country where one has got dividends, interest payment, copyright payment or reward for technical services taxation can be not more that 10% from total amount.

More about company formation you can read in section on company formation.