News
Less than a year left to sort out data protection system as per new requirements
27 April 2016, the European Parliament and Council Regulation (EU) 2016/679 (hereinafter – the “Regulation”) on the protection of processing of personal data and free…
Expected changes for residence certificates
On 18 May 2017, the draft amendments to Cabinet Regulation No.178 “Procedures for Application of Tax Relief Determined in International Agreements for Prevention of Double…
VAT reverse for local supplies and related risks
While seeking ways to limit fraudulent practices, range of counterparties applying special VAT regime (VAT reverse) is being extended in Latvia. Nevertheless, the VAT reverse…
New reporting for groups of multinational enterprises
In April 2017, the Cabinet of Ministers reviewed draft amendment of the law ”On Taxes and Fees” which foresee an obligation of taxpayers to submit…
Tax reform in Latvia
It is planned that next week i.e., 3 May, the government will decide on the Latvian tax reform guidelines and further progress. As per the…
Excise tax news
1 April 2017, the amendments to the Law “On Excise Tax” were adopted establishing procedures for the movement of natural gas and excise duties for…
Temporary suspension of business activities – obligations of taxpayer
According to the Commercial Law the merchant may temporary suspend its business activities for a period not exceeding 3 years by informing the Register of…
Draft amendments of Labour Law published
End February 2017, the draft amendments of Labour Law were published that intend to revise remuneration of overtime amount, specify dismissal procedures of employee, competition…
Changes informing on payments to non-residents
As of 1 January 2017, amendments in relation to information to be provided to the State Revenue Service (SRS) on payments made to the non-residents…