News
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…
Case study: A company recovers around EUR 100 000 paid in corporate income tax
INTRODUCTION We are happy to share with you that Leinonen has helped one of our clients recover an incorrectly calculated corporate income tax (CIT). The…
As of 1 July 2021 obligations to pay minimum mandatory State social insurance contributions
As of 1 July 2021, amendments to the Law on State Social Insurance enter into force, and minimum mandatory State social insurance contributions (minimum contributions)…
Client survey 2020
While the previous year presented its fair share of challenges, Leinonen Latvia has maintained its position as one of the most highly acclaimed accounting consulting…
Tax news for 2021
Amendments to the Value Added Tax Law Amendments to the Value Added Tax Law (Amendments to the VAT Law) were adopted on 24 November 2020…
State aid to business due to covid-19 /03.12.2020./
To restrict the spread of COVID-19 in Latvia, from 9 November 2020 to 11 January 2021, emergency situation has been announced in Latvia and strict…
ECJ judgment – Reduction of VAT Rules for bad debts
On June 11, 2020, the Court of Justice of the European Union (CJEU) adopted a decision in Case C-146/19 (SCT) concerning the right of a…
E-commerce VAT treatment changes postponed until July 2021
As of 1 January 2021, significant changes on imposing VAT to e-commerce transactions had to become effective. The legislator has already drafted amendments to the…