Taxation object and tax rate

The micro-enterprise tax is levied on the turnover of a micro-enterprise. The micro-enterprise tax rate is 9 percent (e.g. if the micro-enterprise’s turnover is 10,000, the micro-enterprise tax amount is LVL 900 [10,000 x 9%]).
If the micro-enterprise fails to comply with certain criteria set for it, it has to pay the micro-enterprise tax at a higher rate:

• if the number of employees at the micro-enterprise in a quarter exceeds five, two percent points are added to the rate of 9% per every additional employee;
• if the micro-enterprise’s annual turnover exceeds LVL 70,000, a tax rate of 20 percent is levied on the excessive amount of the turnover;
• if the income of an employee of the micro-enterprise exceeds LVL 500, a tax rate of 20 percent is levied on the amount that exceeds LVL 500.

Posted in: [:lv]Mikrouzņēmumu nodoklis [:en]Microenterprise tax [:ru]Micro налог