Latvia, Legislation, Markets and Companies, Retail, Shadow economy, Taxation

International Internet Magazine. Baltic States news & analytics Friday, 21.02.2025, 21:16

Almost half dummy companies in Latvia operate in trade sector

BC, Riga, 27.08.2013.Print version
Almost half of dummy companies in Latvia operate in trade sector, reports LETA/Nozare.lv, referring to the State Revenue Service's data.

As of August 22 this year, there were 3,515 taxpayers in the trade sector that had characteristics of a fictitious enterprise.

 

This is 44.5% of all companies with characteristics of a fictitious enterprise, and 7.8% of all enterprises operating in the trade sector.

 

The data are based on reports that the Revenue Service receives from other taxpayers.






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