News
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…
Health promotion will become tax exempt in Estonia
In Estonia, an amendment to the Income Tax Act has been made which allows employers to compensate employee health promotion expenses without income and social…
Temporary suspension of business activities
Every company, regardless of its economic activity, can face a situation where the business has to be suspended for some time of period or ceased…
New book on preparation of accounting organization documents
According to the Latvian statutory regulations each company must prepare internal accounting organization documents. Its purpose and content are set in the regulation of the…
Payroll tax relief for catering expenses of employees
The Cabinet of Ministers accepted proposal of the National Tripartite Cooperation Council (NTCC)[1] Budget and tax Subcouncil on the tax reduction for one of social…
State social insurance compulsory contributions to be charged from minimum salary
As of year 2017, the minimum charge from state social insurance contributions (SSIC) has been defined according to the amendments to the Law “On State…
New VAT procedure for supply of electronic goods
Special application scheme for VAT, so-called VAT reverse charge mechanism on transactions on electronic goods i.e., mobile phones, tablets, laptops and integrated circuit devices including…