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Key Tax Changes in Latvia 2026: Labor, VAT, Excise, and Corporate Tax Updates
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…
A Guide to Christmas Bonuses in Latvia for Foreign-owned Businesses
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…
Remote Employee Dismissal: Legal and Practical Aspects of Using Video Calls and Internal Systems
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…
Is it mandatory to have an accounting policy?
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,…
7 Common VAT Mistakes in Latvia (and how to Avoid Them)
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…
What do you Need to Know About Public Holidays in Latvia as a Foreign-Owned Business?
Boasting reduced corporate tax rates, outstanding trading infrastructure and three special economic zones supporting corporate growth, Latvia is a popular EU base for foreign-owned businesses.…
PAYMENT & TAXATION OF DIVIDENDS IN LATVIA
THE PROCESS OF DIVIDEND PAYMENT A dividend is an instrument of how the company distributes the profits to its shareholders. For a shareholder (business owner)…
Digitalize Your Business Payrolls With E-invoice In Latvia
Undoubtedly, invoicing is the most important and foremost task for every business when it comes to streamlining everything. It helps the business owners & managers…
Navigating Cross-Border Payroll and Taxation in Latvia
In our modern world, where businesses often cross borders, understanding payroll and taxation in different countries is becoming essential. With businesses frequently operating beyond their…