# Latvia - Ease of doing business

## New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Latvia was 6.89 as of 2020. Its highest value over the past 14 years was 12.14 in 2011, while its lowest value was 4.93 in 2009.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

Year Value
2006 7.41
2007 7.97
2008 6.02
2009 4.93
2010 8.37
2011 12.14
2012 11.58
2013 11.48
2014 10.65
2015 9.71
2016 8.09
2017 7.45
2018 8.00
2019 7.91
2020 6.89

## Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2002 5.10
2005 23.50
2009 93.20
2013 8.50
2019 43.60

## Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2009 0.300
2013 0.300
2019 0.200

## Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2009 44.90
2013 37.30
2019 29.20

## Time required to get electricity (days)

The value for Time required to get electricity (days) in Latvia was 107.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 159.00 in 2010 and a minimum value of 107.00 in 2012.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Year Value
2009 159.00
2010 159.00
2011 108.00
2012 107.00
2013 107.00
2014 107.00
2015 107.00
2016 107.00
2017 107.00
2018 107.00
2019 107.00

## Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2002 49.46
2005 25.21

## Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2009 61.20
2013 37.50
2019 16.60

## Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2013 6.10
2019 11.00

## Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2009 34.10
2013 18.20
2019 15.20

## Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

Year Value
2002 37.10
2005 30.00
2009 4.40
2013 0.60
2019 0.00

## Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Latvia was 27.20 as of 2019. Its highest value over the past 14 years was 27.30 in 2012, while its lowest value was 26.60 in 2015.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Year Value
2005 27.20
2006 27.20
2007 27.20
2008 27.20
2009 27.20
2010 27.20
2011 27.20
2012 27.30
2013 27.20
2014 27.20
2015 26.60
2016 26.60
2017 26.60
2018 26.60
2019 27.20

## Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Latvia was 3.10 as of 2019. Its highest value over the past 14 years was 3.80 in 2010, while its lowest value was 2.30 in 2005.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Year Value
2005 2.30
2006 2.30
2007 2.30
2008 2.70
2009 3.80
2010 3.80
2011 3.70
2012 3.70
2013 2.90
2014 2.90
2015 3.00
2016 3.00
2017 3.00
2018 3.00
2019 3.10

## Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Latvia was 7.80 as of 2019. Its highest value over the past 14 years was 7.80 in 2019, while its lowest value was 4.80 in 2012.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Year Value
2005 6.80
2006 6.80
2007 6.80
2008 6.70
2009 6.60
2010 6.60
2011 6.10
2012 4.80
2013 4.90
2014 4.90
2015 6.30
2016 6.30
2017 6.30
2018 6.40
2019 7.80