News
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…
REGULATION OF ELECTRONIC SIGNATURE IN LATVIA
According to Section 4 part one of the Law on Legal Force of Documents, for a document to have legal force, the author, date, and…
CHANGES IN REGULATIONS CONCERNING LOW-TAX AND TAX-FREE COUNTRIES
As of July 1, 2023, new Cabinet regulations No 333 “List of low-tax or tax-free countries and territories” are effective. Cabinet regulations have been expanded…
Minimum Wage & Personal Income Tax in Latvia
The Latvian labour law sets minimum employment requirements including equal pay for work of men and women, amount of minimum salary, entitlement for paid leave…
Support programs for business digitalisation
On February 22 of this year, the first three support programs of the Recovery Fund were opened for businesses: “Aid for Creation of Digital Innovation Centres…
SUPPORT TO ENTERPRISES FOR REDUCING THE WAR CONSEQUENCES
For more than a month, entrepreneurs may apply for State aid programmes that aim to reduce the economic consequences caused by the Russian military aggression…