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So far SIA Breicis has created 77 blog entries.

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

What does the State Revenue Service expect to justify the impact of COVID-19 on transfer pricing?

Introduction Has your company carried out the business with related companies in 2020/2021 and has its profit performance declined as a result of the economic crisis? Transfer pricing may not be the cause, but a deterioration in performance may cause a "red alert" to go on next to your company name with the State Revenue [...]

By |2022-05-01T17:31:11+00:00Saturday, April 30, 2022|Uncategorized|0 Comments

How to restructure your business in a tax-efficient way?

It's time for change! The reasons for change are many and varied.  In the not so distant past, the need for change in many companies was driven by the epidemiological situation caused by the COVID-19 pandemic, which undoubtedly had a direct impact on the business environment. Experience has shown that many companies in Latvia restructured [...]

By |2022-05-08T13:26:31+00:00Friday, April 29, 2022|Uncategorized|0 Comments

Stock options

This year, on January 12, 2021, changes to the Personal Income Tax Law and the Commercial Law came into force, which expanded the possibilities to grant stock options to employees. These changes put Latvia at the top of the world ranking, alongside Estonia and Lithuania, winning the title of most favourable country for stock options [...]

By |2022-07-15T12:30:57+00:00Monday, February 8, 2021|Uncategorized|0 Comments
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