In day-to-day accounting practice, it’s not uncommon for a company to accidentally overpay an invoice — for example, paying €80 [...]
Read more
All posts by Ričards
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more
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 [...]
Read more
Tax Changes in Latvia in 2025: Key Changes and Their Impact
In 2025, Latvia is planning several significant tax changes aimed at increasing state budget revenues while reducing income inequality. These [...]
Read more
The Ministry of Finance has published tax evaluations for VAT, Natural Resource Tax, and small tax regimes
In June 2024 the Ministry of Finance published the remaining three tax evaluations: Assessment of the current situation of small [...]
Read more