Recent statistics show a significant decline in the size of industries such as e-commerce (retail by mail order or online stores). The Central Statistical Bureau (CSB) has indicated that it was affected by the change of the country of registration of one of the leading participants in the industry, as retail trade data are collected only for enterprises registered in Latvia. The portal “Delfi” identified a potential company and assessed how the situation could also affect the budget in the form of taxes.
It is no secret that in the e-commerce sector in Latvia, “strong” two “leaders” – “220.lv” and “1a.lv”, companies that focus on Internet sales without physical store representations. At present, the synergy of “1a.lv” and “ksenukai.lv” must be taken into account. Although both trading platforms evolved from local capital companies to foreign capital companies for several years, until now their managing companies (sellers) were registered in Latvia. Thus, “220.lv” is still managed by SIA “Pigu Latvia”. The company’s turnover in 2018 was 24.85 million euros, but the loss – 668.80 thousand euros, according to “Crediweb.lv” data. The company has not yet submitted a report for the previous year.
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