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Introduction to Estonia
Over 27 years Leinonen Group has expanded it´s reach to 12 markets around Scandinavia, Baltic States and Central Eastern Europe to help companies by vast…
Client survey 2020
While the previous year presented its fair share of challenges, Leinonen Latvia has maintained its position as one of the most highly acclaimed accounting consulting…
Tax news for 2021
Amendments to the Value Added Tax Law Amendments to the Value Added Tax Law (Amendments to the VAT Law) were adopted on 24 November 2020…
State aid to business due to covid-19 /03.12.2020./
To restrict the spread of COVID-19 in Latvia, from 9 November 2020 to 11 January 2021, emergency situation has been announced in Latvia and strict…
WHAT TO INCLUDE IN THE ARTICLES OF THE ASSOCIATION OF LLC
The Commercial Law of the Republic of Latvia prescribes that the articles of association of a capital company (Limited Liability Company or Joint Stock Company) along…
ECJ judgment – Reduction of VAT Rules for bad debts
On June 11, 2020, the Court of Justice of the European Union (CJEU) adopted a decision in Case C-146/19 (SCT) concerning the right of a…
Why Do Companies Stick with Poor Accounting & Payroll Providers?
For many businesses, outsourcing the accounting and payroll functions helps them simplify company operations whilst being able to take advantage of financial and legal specialists, optimise costs…
E-commerce VAT treatment changes postponed until July 2021
As of 1 January 2021, significant changes on imposing VAT to e-commerce transactions had to become effective. The legislator has already drafted amendments to the…
Hereafter Branches, Representations and Permanent Establishments of Foreign Companies in Latvia will be Obliged to Report Their Ultimate Beneficial Owners
As of 1st of July 2020 the scope of subjects who are obliged to report their ultimate beneficial owners (hereinafter – the UBO) under the Latvian…