News
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…
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…