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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.

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.

In an effort to provide clarity to affected entities, the European Council (EC) has accelerated the approval process for the portion of the Omnibus impacting the reporting timeline - referred to as the ‘stop-the-clock’ directive.

Grant Thornton Baltic advised Eco Baltia on acquisition of EKO OSTA