On 27th June 2023, the Latvian government adopted Cabinet Regulation No 333 “List of Low-tax or Tax-free Countries and Territories”, which approves a new list of low-tax or tax-free countries and territories, including Russia. The Regulation enters into force and is applicable as of 1st July. [...]
Today, let’s talk about Bruno. No, no, not the character Bruno from the animated film “Encanto”, who was not supposed to be talked about, but our very own Bruno – an investor and entrepreneur. What do the two Bruno’s have in common? They both know how to look into the future, each in his own [...]
Transfer pricing refers to the pricing of the sale of goods, the provision of services or the transfer of assets (including intangible assets) between different related companies within the same group, usually in different countries. Although transfer pricing is mainly applied in transactions with foreign companies, transactions between Latvian affiliates must also comply with the [...]
The story of a Latvian cosmetic manufacturing company For some time now, the news appears in the publicly available news about the now-bankrupt former flagship of the cosmetics industry. I don't want to call anyone names in this article, so let's call the company by a relative name - "Jūras Dimants" AS. [...]
Why is this question? In order to fully implement a competitive framework for share purchase rights, on 12 January 2021 amendments to the Commercial Law (CL) entered into force, which provide for the possibility for limited liability companies (LLCs) to introduce the following long-term incentives for personnel: [...]
How to benefit from the Latvian corporate income tax?
€121.00
Share purchase agreement
€50.25
Management services agreement
€121.00
Contract for the supply of goods
€48.40
Employment agreement with addendum
€30.25
Tax Consultation
€60.50
