June 7, 2017

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…

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May 26, 2017

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…

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May 10, 2017

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…

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May 7, 2017

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…

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April 26, 2017

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…

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April 12, 2017

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…

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March 22, 2017

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…

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March 8, 2017

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…

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February 22, 2017

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…

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