News
Leinonen Latvia – accounting outsourcing industry leader in Latvia
28 September 2017, Leinonen Latvia participated in the 7th annual conference Accounting Forum 2017 organised by the Association of Accountants of the Republic of Latvia…
Representation or advertising expenses?
An important factor in a business development is effective advertising, networking with customers and partners and organization of various representative events. However, the correct and…
Amendments to Labour Law came into force
In this article, we will highlight the most important amendments to the Labour Law which came into force on 16 August 2017. Hourly salary rate.…
Information on multinational group report must be submitted by August 31st
On 4 July 2017, the Cabinet of Ministers approved Regulations No. 397 “Regulations on the Report of the Group of Multinational Enterprises for Each Country”…
Plans to change terms and procedures for payment of taxes
In accordance with the amendments of Law “On Taxes and Fees” published, a new generation “Payment administration information system” (MAIS) or a single tax account…
Tax reform laws adopted
28 July 2017, the Parliament considered and adopted all the amendments planned within the tax reform including the new corporate income tax law. More on…
Mistakes in VAT application and it consequences
Value added tax – the most risky tax. Information in the website of the State Revenue Service (SRS) on the results of tax audits carried…
New regulation regarding transactions between related parties
On 13 July 13 2017, amendments to the Commercial Law (hereinafter – the “Amendments”), which provide a new regulation regarding transactions between related parties of…
Compulsory electronic recording system of working time in construction industry
To reduce the shadow economy, there are amendments planned in the law “On Taxes and Fees” that provide electronic working time recording system for construction…