News
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…
Minimum Wage & Personal Income Tax in Latvia
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…
Employment collective agreement and additional employee benefits without tax liabilities
On 15 November 2021, the Parliament [Saeima] passed amendments to the Law “On Resident Income Tax”. Along with these amendments becoming effective on 1 January…
State aid for companies affected by the COVID-19 crisis
Special crisis measures (working capital grant, wage subsidies, working capital loan, loan holidays guarantee, etc.) are available for companies whose activities have been significantly restricted…