News

November 4, 2016

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…

Continue reading
October 28, 2016

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…

Continue reading
September 14, 2016

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…

Continue reading
May 25, 2016

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…

Continue reading
March 21, 2016

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…

Continue reading
February 24, 2016

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…

Continue reading
January 27, 2016

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…

Continue reading
January 13, 2016

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…

Continue reading
December 2, 2015

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…

Continue reading

Get in Touch