A financial expert from Grant Thornton Baltic analyses the financial situation of airBaltic, the potential for state support and the airline’s role in the Latvian economy, including its impact on tourism exports and the development of Riga Airport.
From 2026, Latvian company owners may choose between two dividend distribution models: either continue applying the existing 20% corporate income tax (CIT) regime or opt for a more attractive split-tax regime on distributed profits — particularly favourable for foreign investors — consisting of 15% CIT and 6% personal income tax (PIT).
As a long-standing independent partner of the Latvian Music Recording Awards “Zelta Mikrofons”, Grant Thornton provides professional and confidential vote verification while reinforcing transparency, trust, and its commitment to corporate social responsibility in Latvia.
Grant Thornton supported global technology company Epson in establishing its presence in Latvia by implementing a robust payroll framework and delivering payroll services fully aligned with local employment and tax regulations.
The collaboration between AS VIADA Baltija and Grant Thornton began in 2016, establishing a long-standing partnership.
When a global IT company expanded into Latvia, one of its key challenges was to attract and onboard highly qualified specialists from outside the European Union in a timely manner, while ensuring full compliance with all applicable regulatory requirements.
