News
Understanding Financial Reporting for Foreign Branches & Representative Offices in Latvia: Exploring Annual Report Requirements, CIT Compliance, and Submission Procedures
The branches of foreign companies and permanent representative offices of non-residents (foreign merchants) in Latvia fall under the purview of the “Accounting Law.” According to…
Board member’s estimated income and taxes
Officials, usually members of the board, are often appointed in their positions in several companies that are a part of the company group, and often…
Tax news, October 1, 2023.
Construction From 1.01.2024, the minimum monthly salary for those employed in construction area will be increased from 780 EUR to 930 EUR during normal working…
Are you certain that your company’s accountant is aware that you are entitled by law to receive Supplementary Leave for a child?
In order to obtain information about the employee’s dependents, the accountant uses information from the SRS system. However, is that enough information to claim that…
REGULATION OF ELECTRONIC SIGNATURE IN LATVIA
According to Section 4 part one of the Law on Legal Force of Documents, for a document to have legal force, the author, date and…
CHANGES IN REGULATIONS CONCERNING LOW-TAX AND TAX-FREE COUNTRIES
As of July 1, 2023, new Cabinet regulations No 333 “List of low-tax or tax-free countries and territories” are effective. Cabinet regulations have been expanded…
Employee tax and how it’s calculated
The Latvian labour law sets minimum employment requirements including equal pay for work of men and women, amount of minimum salary, entitlement for paid leave…
Foreigner´s eID card – your possibilities in Latvian digital environment
When planning to start a business in Latvia you look for opportunities to do it quickly and digitally. Often foreigners find themselves in a situation…
