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Starting in 2026, Latvia will implement significant tax policy changes affecting individuals, businesses, and specific industries. These reforms aim to adjust labor taxation, introduce new…

In Latvian business culture, many organisations choose to disburse cash bonuses or non-cash gifts at Christmas. Though Christmas bonuses are not required, they are greatly…

Nowadays, technological advancements have significantly transformed internal business processes, including human resource management and employment relationships. Remote work, digitalization, and automated management systems have become…

The whistleblowing framework was introduced in Latvia in 2019 when the first Whistleblowing Law came into effect. The Whistleblowing Law establishes specific obligations for companies…

Employers in Latvia have three innovative tools for motivating personnel: employee stocks, employee shares, and employee stock options. Each business can choose the option that…

When entering into work arrangement, it is essential to understand the nature of the work relation. These relations can vary significantly depending on the type…

Latvia has a rather small population of 2 million, which is mostly situated in the capital Riga. One of the key advantages of Latvia lies…

One of the frequently asked questions by businesses is whether it is mandatory to have an accounting policy in place. Before diving into the details,…

Value added tax (VAT) is a type of consumption tax used in the European Union (EU). While VAT in Latvia is paid by the final…