News
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…
Representation or advertising expenses?
An important factor in a business development is effective advertising, networking with customers and partners and organization of various representative events. However, the correct and…
Bad debt – what should be done?
Limited resources for small and medium-sized enterprises often limit companies to elaborate internal procedures for control of debtors. Moreover, the responsible staff may not know…
Mistakes in VAT application and it consequences
Value added tax – the most risky tax. Information in the website of the State Revenue Service (SRS) on the results of tax audits carried…
New reporting for groups of multinational enterprises
In April 2017, the Cabinet of Ministers reviewed draft amendment of the law ”On Taxes and Fees” which foresee an obligation of taxpayers to submit…
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…