News
Withholding tax on transactions with non-residents
In transactions with non-resident legal persons it is necessary to ascertain whether the remuneration of the transaction is subject to the withholding of the corporate…
Tax news January 2020
VAT Law On 1 January 2020, amendments to the VAT Law become effective. Delivery of goods to a warehouse in the EU Member State. Value…
VAT GROUP REGISTRATION
What is the VAT group? Value Added Tax (hereinafter – the VAT) group is two or more taxable persons which has been established on…
Personal Income Tax liabilities in transactions with financial instruments
In this article, the procedure of applying Personal Income Tax (hereinafter – PIT) to the income of natural person–resident gained in transactions with financial instruments…
Proposed new VAT rules for vouchers
On June 27, 2016 the Council of the European Union adopted directive 2016/1065 amending Directive 2006/112/EC regarding the value added tax treatment to vouchers. New…
Tax news Latvia July 2019
Increased threshold of mandatory social security and voluntary contributions from 55 000 EUR to 62 800 EUR (amendments in the article 14 (5) of Law “On…
Leinonen Belarus is now open for business in Minsk
We are delighted to inform our clients and partners that Leinonen has expanded its coverage of Eastern European markets to include Belarus. Our Minsk office…
Tax exemption for staff catering expenses
Let us remind on an exemption from taxation on the part of employer costs paid for staff catering up to EUR 480 per year (average…
Leinonen Latvia – accounting outsourcing industry leader in Latvia
28 September 2017, Leinonen Latvia participated in the 7th annual conference Accounting Forum 2017 organised by the Association of Accountants of the Republic of Latvia…