1. Legal incentives for investments specifically in the I&L sector in CEE-17
  2. General incentives, from which investors in the I&L sector in CEE-17 can benefit, if no specific ones are available
  3. Available tax exemptions or preferences for investors specifically in the I&L sector in CEE-17
  4. General tax exemptions or preferences for investors in CEE-17 that would apply to the I&L sector

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Latvia
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There are currently no legal incentives for investments specifically in the Industrial&Logistics sector in Latvia.

2. General incentives, from which investors in the I&L sector in CEE-17 can benefit, if no specific ones are available

There are three Special Economic Zones (“SEZ”) and two free ports in Latvia that have been established to promote entrepreneurial activities in these regions: Liepaja Special Economic Zone; Rezekne Special Economic Zone; Latgale Special Economic Zone; Ventspils Free Port; and Riga Free Port.

All of these offer very favourable business incentives, including tax rebates, developed infrastructure, more convenient customs rules, amongst others.

3. Available tax exemptions or preferences for investors specifically in the I&L sector in CEE-17

There are currently no Industrial& Logistics-specific corporate income tax and development tax reliefs, nor any I&L-specific tax deductions.

4. General tax exemptions or preferences for investors in CEE-17 that would apply to the I&L sector

There are benefits for companies operating in the free ports and SEZs, including tax rebates on real estate tax (80% rebate), CIT (80% rebate), withholding tax on dividends, management fees and payments for usage of intellectual property for non residents, and an exemption from VAT on certain goods and services.

There are also excise tax exemptions and relief for oil products used to generate energy, in the chemical treatment process, used for purposes other than fuel or heating fuel, marked oil products used in tractor machinery and self-propelled agricultural machinery for the production of agricultural products and cultivation of agricultural land, etc.