On March 19, the Saeima of the Republic of Latvia supported Amendments to the Law “On Tax Application in Free Ports and Special Economic Zones”.
The adopted amendments introduce significant improvements to the regulatory framework of Special Economic Zones (SEZs), ensuring long-term stability and predictability for investors.
The amendments provide that SEZ companies will be able to:
- conclude investment agreements until December 31, 2035;
- implement the investments specified in these agreements until December 31, 2040;
- apply direct tax incentives until December 31, 2050.
These changes are aligned with the previously adopted decision of Parliament to extend the operation period of SEZs until 2050.
Rēzekne SEZ Manager Maija Meirāne emphasizes:
“The extension of the tax regulation is an important step that strengthens the investment environment and ensures greater predictability for businesses. It helps maintain the region’s competitiveness and creates additional opportunities both for the development of existing investors and for attracting new investments.”