What We Do

Our Assurance

Assurance

• Audit of financial statements • Agreed upon procedures • Due diligence • Consultations and training related to financial accounting topics

Corporate accounting and outsourcing

• Full-cycle accounting • Payroll accounting

Tax services

• Daily tax consultations (VAT, CIT, PIT) • Transfer pricing • Risk management documentation (TRM) • Tax due diligence • International taxes

    What We Do

    Thoughtful advice for important business decisions

    Business advisory and valuation services

    • Financial Expertise • Raising funding • Development planning • M&A

    Legal advisory

    • Commercial Law • Labor Law • Due Diligence • Special Procedures

      30+
      Years in Latvia
      70+
      Employees in Latvia
      5.
      Largest in Latvia
      1500+
      Active customers
      350+
      Employees in the Baltics
      23
      Partners in the Baltics
      6
      Offices in the Baltics
      150+
      Countries

      Insights

      Latvia Introduces a More Competitive Dividend Tax Regime

      Accounting

      From 2026, Latvian company owners may choose between two dividend distribution models: either continue applying the existing 20% corporate income tax (CIT) regime or opt for a more attractive split-tax regime on distributed profits — particularly favourable for foreign investors — consisting of 15% CIT and 6% personal income tax (PIT).

      | 2 min read |

      Decision on airBaltic funding likely after elections

      Accounting

      A financial expert from Grant Thornton Baltic analyses the financial situation of airBaltic, the potential for state support and the airline’s role in the Latvian economy, including its impact on tourism exports and the development of Riga Airport.

      | 3 min read |

      Grant Thornton Has Supported the Latvian Music Recording Awards “Zelta Mikrofons” for 11 Years

      Business Advisory

      As a long-standing independent partner of the Latvian Music Recording Awards “Zelta Mikrofons”, Grant Thornton provides professional and confidential vote verification while reinforcing transparency, trust, and its commitment to corporate social responsibility in Latvia.

      | 2 min read |

      Securities in Accounting and the Annual Report

      Audit

      A practical overview for companies investing in shares, bonds, and other financial instruments, providing a detailed explanation of the accounting for financial instruments and securities in accordance with Latvian regulations and international IFRS standards. It covers the classification of financial instruments, fair value measurement, impairment, disclosure requirements in the annual report, as well as the accounting of long-term and short-term financial investments.

      | 6 min read |

      Tax changes in Estonia, Latvia, and Lithuania in 2026

      Tax

      In 2026, significant tax changes come into effect across the Baltic States. This overview highlights the main updates in Latvia, Lithuania and Estonia – from income tax and VAT to social contributions and excise duties – helping businesses plan their tax obligations effectively.

      | 1 min read |

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