News
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 Companies relying on outdated systems and manual methods for tasks like…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…
My accountant is asking me to fill in a KYC form, why?
In the contemporary business landscape, the role of accounting firms in ensuring financial transparency and compliance has become increasingly critical. In the Baltics, as in…
Board member’s estimated income and taxes
Officials, usually members of the board, are often appointed in their positions in several companies that are a part of the company group, and often…
Tax news, October 1, 2023.
Construction From 1.01.2024, the minimum monthly salary for those employed in construction area will be increased from 780 EUR to 930 EUR during normal working…
Are you certain that your company’s accountant is aware that you are entitled by law to receive Supplementary Leave for a child?
In order to obtain information about the employee’s dependents, the accountant uses information from the SRS system. However, is that enough information to claim that…