Insights

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

Key Tax changes in Latvia

Key Tax rates in Latvia

Tax changes from June 1, 2023

Tax changes 2023

Official Electronic Address

In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.

Changes in taxation, effective as of 1 January, 2022

Thin-capitalization rules are Abolished in 2021 and 2022

Nordic Baltic tax 2021

Key changes in tax legislation in the Baltics in 2021

On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.

Cookies can't read data off your hard drive or cookie files created by other sites; they are one of the technologies tracking people’s behaviour on the web.

In addition to the pandemic the 2020 is memorable as the year or record growth in cybercrime. According to the FBI the USA companies have reported a 400% growth in cyber-attacks and 68% more companies reported of fraud.

In January WhatsApp announced that it is changing its data policies so that the users only options are either to agree to their data policy and make data about them available to Facebook, the owner of WhatsApp, and any of its chosen third parties or not use the service.