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Tax and legal news
Most important Latvian tax changes in 2016
Most important Latvian tax changes in 2016
Tax
Key changes in tax legislation in the Baltics in 2022
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
Data protection
Transmission of personal data to the US – mission impossible?
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.
With effect from April 1st, 2016 the application of reverse charge, where the recipient of goods is responsible for the tax declaration and payment, will be extended. In future this procedure will be applied to the supply of mobile phones, tablets and laptops. Reverse charge will be applied only for B2B supplies and the payment has to be done by non-cash transfer (e.g. by credit card, or bank transfer). New regime will also be applied for integrated circuit units (microprocessors and central processing units) in case they are not sold as a part of other appliances or devices (e.g. TV, printer or router).
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