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Doing Business Guide in the Baltics.
Nieuws over belastingen in de Baltische Staten
07.03.2017
You are cordially invited to the 10th Business seminar on “Expatriate Tax planning 2017 in the Baltics“ in cooperation with Swedish Chamber of commerce in Latvia. The seminar takes place on...
04.01.2017
Date: Thursday, March 9, 2017
Time: 17:30...
17.11.2016
“Baltic Taxes” available on the Apple App Store and the Android Market
Baltic Taxes is a tax planning and optimization application which helps the user to calculate the VAT, corporate...
23.08.2016
R&D tax incentive
Lithuania levies flat 15% Corporate Income Tax. Since the 1st of January 2012small companies employing 10 employees or fewer, with an annual income of 300,000 EUR or less, have been subjected to 5%...
11.08.2016
Controlled Foreign Company rules in Lithuania are governed by the Law of Corporate Income Tax (20 December 2001 No. IX-675 Vilnius).
CFC regulation applies to the Lithuanian residents...
13.07.2016
On July 1, 2016, amendments to the Immigration Law of the Republic of Latvia came into force, modifying the provisions for receiving temporary residence permit and reissuance of the...
05.07.2016
Corporate income tax in Estonia is paid by domestic companies – residents, permanent establishments of non-residents that perform economic activity in the country (including branches) and non-residents acting as...
29.06.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012.
MB is not required to have a minimum share capital, thus a micro company may be...
15.06.2016
In Latvia corporate income tax is paid by domestic companies – residents, non-residents and permanent representative offices of non-residents that perform economic activity in the country.
Taxable objects in...
30.05.2016
Micro company tax starting from January 1st, 2016 did not change and the tax of 9 % is applicable for companies with turnover till 7000 EUR, but micro companies with turnover from 7001 EUR to 100000EUR are subject...
21.04.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012.
MB is not required to have a minimum share capital, thus a micro company may be...
07.04.2016
Starting fromJanuary 1st, 2016excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from...
22.10.2015
On 21stof May the Government of Estonia approved several bills for changing the tax laws. Please see below short overview of the relevant changes.
National social insurance tax
With the...
20.10.2015
Consolidated reporting is regulated by the Law on Consolidated Financial Statements of Enterprises. An entity having one or several subsidiary undertakings must draw up...
07.09.2015
Starting from 13th May 2015 new amendments in micro company tax are in force.
The previous regulation of micro company tax
Till the amendments the following rates of...
04.06.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
26.05.2015
As of 1 January 2013 the holding regime has been introduced in Latvia. Such regime provides less tax burden In Latvia from receiving and distributing profits.
Receiving dividends and profit taxation
In line with Latvian legislation...
27.04.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
permanent establishments of non-residents that perform economic activity (including...
13.04.2015
Taxpayers
Corporate income tax is paid by:
domestic companies – residents;
non-residents;
permanent representative offices of non-residents that perform economic...
02.04.2015
Taking into account that there are different corporate tax rates in European Union member states, corporate income tax is used as a tool to attract...
Juridisch nieuws in de Baltische Staten
31.10.2018
In order to register a yacht in Estonia, it is necessary to provide proof of the right to fly the Estonian flag. Consequently, it is important to understand who may or is obliged to fly the Estonian flag on their...
05.10.2018
Our Law Firm on behalf of our client purchases creditor`s claims against JSC “ABLV Bank” in Latvia.
We hereby inform, that our client has extensive experience in...
25.04.2017
When it comes to registration of a trademark in Europe, the European Union Intellectual Property Office holds the...
10.04.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania
The Central Bank of Lithuania has made a promise to provide...
08.12.2016
Recent situation with violations found also in resident banks in Latvia shows us that Prevention of Money Laundering and Terrorist Financing law in Latvia applies the same to all kind of...
01.12.2016
Currently gaps are not only in non-resident banking system, but violations are found as well in resident banks in Latvia.
During last year Financial and Capital Market Commission in Latvia...
30.08.2016
Recent decision of the Board of Appeal in the European Union
In the recent decision of the Second Board of Appeal in the European Union in Case R 259/2016-2, Applicant or Appellant Apple Inc....
04.08.2016
The most common form of a business presence in Lithuania is a limited liability company (UAB). The minimum share capital required to establish a UAB is 2500 EUR. The capital shall be paid when the company bank account is opened,...
09.06.2016
On March 26, 2016 the Office for Harmonization in the Internal Market (OHIM) became the European Union Intellectual Property Office (EUIPO) when theRegulation (EU) 2015/2424 of...
20.05.2016
EU trademark regulation No 2015/2424
As of the 23rd of March 2016 the Office for Harmonisation in the Internal Market will be renamed to the European Union Intellectual Property Office (EUIPO) by the Regulation (EU)...
16.05.2016
If you are planning to start a business in Latvia there are following possibilities:
1. To incorporate limited liability company in Latvia
Limited liability Company (SIA) requires at least...
09.05.2016
There are many possible routes which you as a creditor may take for the purposes of the debt collection. Please find information regarding the possibilities below.
Verifying the debtor in Estonia
As a first step towards...
25.04.2016
How to collect debt in Lithuania?
Regarding possibilities to request debt collection in Lithuania please be informed of the following.
Verifying the debtor in Lithuania from...
19.01.2016
This guide will give you an overview about the key requirements for purchasing or selling real estate in Estonia. This summary is not complete or exhaustive, since each...
11.01.2016
In today's Latvia, a foreign national essentially stands in the same position as a Latvian citizen when it comes to the purchase of the real estate and to the costs associated...
21.10.2015
Upcoming changes in submission of annual accounts in Estonia
The Ministry of Justice of the Republic of Estonia has sent to the Government of Estonia a bill regarding changes in submission of the...
06.10.2015
On 16 June 2015 the European Court of Human Rights (ECHR)...
05.08.2015
Part three
Types Of Agreement
Employment contracts may be: non-term; fixed-term, temporary, seasonal; on additional work, secondary job; with home workers; on the supply of servicesand other. As a rule, an employment contract...
03.08.2015
Every product has its own features such as lines, contours, colors, shape, texture and materials used, or its ornamentation. The design of a product is very important and can be protected by registering it as a...
Gebeurtenissen
08.09.2016
After internship at Gencs Valters Law Firm I became more excited about the field of international taxation. Due to the recent insecurities in the International taxation, and...
12.07.2016
In spring 2016 student from Georgia (Kutaisi) took part inGencs Valters Law firm'sinternship program. Intern took practical internship in Estonian...
23.10.2015
Some Estonian banks do offer also the possibility to open a bank account for the foreign company. In that case there are several documents that need to be presented to the bank.
Please find...
06.10.2015
The government has approved the proposal submitted by the Ministry of Social Security and Labour to increase minimum wage following July 1, 2015. The new monthly minimum wage...
14.07.2015
Protecting EU market from counterfeit products is a constant struggle. For this reason, new systems to protect intellectual property right holders are...
08.07.2015
Location Of Work/Mobility
The employee’s normal place of work must be specified by the employer in writing. Mobility clauses can be included in the contract ofemployment, but they cannot be...
16.06.2015
Registering your invention seems like a long and complicated process. Taken into account the administrative burden and patenting costs, inventors often ask “is it really worth it”?...
01.06.2015
Part one
Forums For Adjudicating Employment Disputes
The Labour Inspectorate has exclusive jurisdiction for most employment claims, but in certain cases and when the parties fail to reach...
12.05.2015
General principles
Forums For Adjudicating Employment Disputes
The Labour Dispute...
15.04.2015
Commission of European Union released 18 March 2015 new tax transparency package. The package is aimed to put down tax avoidance and transfer pricing arrangements...
24.03.2015
From January 2015 Estonian Commercial Code was amended. The most significant change was new simplified procedure for...
20.03.2015
On the 11th of February the Parliament of Estonia adopted new amendments to the Commercial Code. These...
10.02.2015
The ruling regarding minimum rate of interest on fringe benefits from the Minister of Finance was nullified and staring from2015 issuing loans on market terms to the employees or persons equal...
19.01.2015
Brokerage services are usually defined as buying and selling of financial securities (or financial instruments) which include research and advice for the clients of a brokerage firm. Not to be confused with investment...
14.01.2015
Minimum monthly salary and the minimum hourly wage rate
According to amendments in the Regulations of the Cabinet of Ministers of the Republic of Latvia regarding the...
10.01.2015
Similar to the Green Card in the USA, the EU blue card offers highly educated employees from third countries the opportunity and the right to work and stay in...
23.12.2014
In Lithuania joint venture agreements are...
22.12.2014
Concept of Franchise
Franchise is regulated in Estonia under Law of Obligations act. The act defines that franchise is a contract where one person undertakes to grant to another person a set of rights and information that belongs to the...