News
Navigating Cross-Border Payroll and Taxation in Latvia
In our modern world, where businesses often cross borders, understanding payroll and taxation in different countries is becoming essential. With businesses frequently operating beyond their…
Explaining Latvia’s Per Diem: Why It Doesn’t Show on Pay Stubs
One of the most frequently asked questions from our clients has been, “Why isn’t per diem reflected on pay stubs?” In this article, we’ll explain…
How to define salary correctly in a contract
An employment contract must be entered into in writing prior to the commencement of work. The amount of remuneration and the time of disbursement must…
Leinonen Latvia is looking for KYC Specialist
Leinonen Latvia is seeking for a dedicated KYC Specialist to join our AML compliance team in Riga. This role is crucial in managing KYC procedures…
Leinonen Latvia is looking for AML Specialist
Leinonen Latvia is actively seeking an AML Specialist to join its team in Riga. This important role focuses on strengthening our anti-money laundering efforts across…
Leinonen Latvia is looking for a Legal Advisor
Our growing Tax & Legal advisory team is seeking for an addition to provide professional and comprehensive legal services to our clients. The Legal Advisor…
BALTIC TAX RATES FROM 1 JANUARY 2024
Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). CIT rate is 20%, calculated as…
Processes of optimization and workflows
In today’s swiftly evolving business and technological landscape, accounting practices have undergone significant transformations. Companies relying on outdated systems and manual methods for tasks like…
Understanding Financial Reporting for Foreign Branches & Representative Offices in Latvia: Exploring Annual Report Requirements, CIT Compliance, and Submission Procedures
The branches of foreign companies and permanent representative offices of non-residents (foreign merchants) in Latvia fall under the purview of the “Accounting Law.” According to…