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Tax and legal news Tax reform 2018
Amendments to 11 tax laws were adopted by the Parliament on July 28, introducing a wide tax reform in Latvia effective beginning with January 1, 2018.
Tax changes Key tax changes in Latvia
Key tax changes in Latvia
Grant Thornton global news Grant Thornton named one of the 50 'World’s Most Attractive Global Employers'
Grant Thornton named one of the 50 'World’s Most Attractive Global Employers'
Tax and legal news European council reaches agreement on anti-tax avoidance directive
European council reaches agreement on anti-tax avoidance directive
IBR Global business optimism hits three year low
Global business optimism hits three year low
Seminars Business morning “Doing business in Estonia”
Business morning “Doing business in Estonia”
Tax and legal news Amendments to the Labour Law
Amendments to the Labour Law
TAX AND LEGAL NEWS Reverse charge for supplies of mobile phones, tablets and laptops
Reverse charge for supplies of mobile phones, tablets and laptops
Women in business Women in business - turning promise into practice
Women in business - turning promise into practice
Tax and legal news Most important Latvian tax changes in 2016
Most important Latvian tax changes in 2016
Tax and legal news New regulation for real estate tax in Riga
New regulation for real estate tax in Riga
Tax and legal news Micro-enterprise taxpayer as a leased personnel service provider
Micro-enterprise taxpayer as a leased personnel service provider
Tax and legal news Interim Dividends
Tax and legal news- Interim Dividends
Tax and Legal news The Register of Enterprises requires to update shareholders’ register information.
The Register of Enterprises requires to update shareholders’ register information. New changes regarding the Board members are on track Using licensed software
Tax and Legal News VAT for electronically supplied services has been changed
The application of VAT for electronically supplied services has been changed in Latvia and other member states of the EU since 2015. Electronically supplied services are those services which are delivered over the Internet or via the electronic network – such supply of services is essentially automated and involves minimal human intervention. It is deemed impossible to render electronically supplied services without any information technology. Please see the list:
Tax and Legal news Deemed income of the Member of the board
Deemed income of the Member of the boardEnterprise income tax minimum As mentioned before, The minimum wage is changed from 320 to 360 euros. Also the minimum wage per hour is increased to 2.166 euros (before it was 1.933 euros). Maximum threshold of the following social allowances has been canceled: sickness benefit, unemployment benefit, maternity and paternity benefit, parental allowance. Personal income tax is reduced form 24% to 23%. The State family allowance is increased – 11.38 euros for the first child, 22.76 for the second and 34.14 euros for each following. Increased tax rate for the microenterprises from 9% to 11% (for the part of turnover exceeding the threshold of EUR 7000). A new Law of Arbitration is enforced starting from 1st of January 2015 thus abolishing Part D of the Civil Procedure Law
Tax and Legal News Electronic payroll tax books
We hereby remind that on June 1, 2014 Cabinet regulations comes into force, according to which the payroll tax books issued in paper form will no longer be valid. Instead, the payroll tax books will be issued in electronic form.
Tax and Legal News AMENDMENTS TO LAW OF CORPORATE INCOME TAX
Starting from 1st of January 2014, it will no longer be possible to transfer losses in between companies in a group. The current amendments are already scrutinized and partly adopted in the Parliament of the Republic of Latvia (The Parliament).
Tax and legal news Information about the draft of ammendments to Individual Income Tax law
Information about the draft of ammendments to Individual Income Tax law
AMENDMENTS TO THE NEW VAT LAW AMENDMENTS TO THE NEW VAT LAW
AMENDMENTS TO THE NEW VAT LAW
Tax and Legal News EURO INTRODUCTION LAW
EURO INTRODUCTION LAW On the 31st of January 2013 Parliament passed the Euro introduction Law. It is anticipated that Latvia will join Eurozone in the 1st of January 2014. What will be the exchange rate? Parallel circulation of euros and latsWhen can lats be exchanged for euros?PricingIntroduction of euro in accountancy
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