Every company starts with the same need: a reliable accountant who keeps the books in order, prepares tax returns, and ensures compliance with filing deadlines. For many businesses, that is enough. Until the business starts to grow. Expansion brings new challenges....
Why International Businesses are Choosing Latvia Over Estonia and Lithuania When evaluating a corporate expansion or new company formation in the Baltic region, international executives universally face the same three-way choice: Estonia, Latvia, or Lithuania. For the...
Following recent updates to the Latvian Accounting Law, structured B2B e-invoicing will become fully mandatory on January 1, 2028, with phased reporting to the State Revenue Service (VID) already underway. Traditional PDFs and paper invoices are being phased out in...
For European founders, corporate accounting in Latvia is not merely an administrative checkbox. The State Revenue Service (VID) enforces automatic late-payment interest rates of 0.05% per day alongside administrative fines reaching up to €10,000 for systemic reporting...
In today’s world, where business boundaries are becoming increasingly blurred, many companies are striving to expand their operations beyond their home countries. Latvia, with its advantageous geographical position and favorable economic policy, attracts the attention...
Accounting plays a key role in successful financial management for any company. Accounting errors can lead to a misrepresentation of the company's financial position, which in turn can lead to incorrect management decisions and financial losses, as well as affect the...
We have already mentioned Latvian tax accounting in one of our previous articles. There are some reports that have to be submitted during the activity of any company in Latvia. We would also like to give some ideas of the certified external audit of the...
You already know that there is such a practice in Latvia to make advance tax payments (please read our article about tax reporting in Latvia). Cases when you have to pay taxes in advance According to Latvian tax legislation, a company has to pay taxes in...
Income Tax Law of Latvia was amended in 2013. These amendments have fostered a brand new investment climate and helped Latvia to become the best country for starting a holding company. What is a holding entity? During business development and territorial expansion,...
Contact