About SIA Breicis

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So far SIA Breicis has created 87 blog entries.

From 1st July Russia is considered offshore. Now what?

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. [...]

By |2023-07-11T13:15:46+00:00Thursday, July 6, 2023|Uncategorized|0 Comments

Impact of transfer pricing on the financial statements

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 [...]

By |2023-06-03T11:56:56+00:00Saturday, June 3, 2023|Uncategorized|0 Comments

Does 10% limit applies also to personnel options and shares issued by a limited liability company

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: [...]

By |2022-06-21T07:20:43+00:00Tuesday, June 21, 2022|Uncategorized|0 Comments
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