The State Revenue Service (SRS) and the Cabinet of Ministers have approved a new procedure regulating how companies and institutions [...]
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All posts by Ričards
Ban on Property Purchases in Latvia for Russian and Belarusian Citizens
To strengthen national security and prevent potential threats to the country’s interests, on 19 June 2025, the Latvian Parliament (Saeima) [...]
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What to Do About Incorrectly Paid Amounts?
In day-to-day accounting practice, it’s not uncommon for a company to accidentally overpay an invoice — for example, paying €80 [...]
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Company Registration Just Got Simpler – What Changes from 16 July 2025?
Good news for anyone planning to start or grow a business in Latvia – starting from 16 July 2025, amendments [...]
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Investment Account Tax Regime: Overview and Key Aspects
Important to Know About Opening and Notifying the SRS About an Investment AccountIf you open an investment account at a [...]
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Vehicle in an Operating Lease Agreement – How to Reflect It in Accounting?
When a company enters into an operating lease agreement for a vehicle, it is recorded in the accounting as a [...]
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New PIT Relief for Crypto Asset Transactions – Latvia Moves Towards a More Modern Financial Environment
To make Latvia more competitive in the digital finance sector, on April 10, 2025, the Saeima adopted amendments to the [...]
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INNOVATOR and the Investment and Development Agency of Latvia are nearing the completion of their collaborative project
INNOVATOR, in collaboration with the Investment and Development Agency of Latvia (LIAA), is actively working on an innovative project aimed [...]
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The Senate explains the term of tax relief application
In the judgment (SKA-160/2024, dated November 21, 2024), the Senate of the Republic of Latvia reviewed an administrative case initiated [...]
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Key Changes in Personal Income Tax (PIT) 2025
IIN Likmes Rādītājs 2025 Pašlaik - 2024 Progresīvās pamatlikmes[1] 25,5% - līdz 105 300 EUR 33%[2] - virs 105 300 [...]
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