News
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…
Law on Lotteries of Goods and Services to be amended
Merchants often organize lotteries of goods and services to promote sales and attract new clients. Regulations for the lotteries are laid down in the Law…
Electronic sick- leave documents
According to the amendments to the Cabinet Regulation No. 134 “Regulations on the electronic health information system” the required information on employee’s absence due to…
Filling corporate income tax declaration
Preparations for submission of declaration of corporate income tax (CIT) for the previous tax year are soon approaching. It is worth considering involvement of tax…
New rules for registration of taxpayers and their units
Why should new rules be adopted? The existing rules were adopted in 2001 and have become obsolete, because they do not reflect legislative changes which…
New law on Annual Accounts and Consolidated Annual Accounts
The new law has been drafted according to provisions laid down by the Directive 2013/34/EU passed on 26 June 2013 by the European Parliament. Introducing…