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The company issues an invoice/bill of lading for the product purchased by the customer. Is it mandatory to indicate the payment amount in words on the invoice/waybill?
In Latvia, by 2025, it is planned to introduce mandatory use of e-invoices between merchants and merchants and state and local government institutions, thus achieving convenient and uniform preparation and storage of documents, faster and safer information circulation between merchants, as well...
A stronger economy allows more to be taken in and more to be spent. Estonia is the champion of the Baltic states both in terms of tax revenues and expenditures per capita, because its economy is more powerful than in Latvia or Lithuania, which are richer in population.
The company has a receivable in 2020. The debtor has been liquidated in 2022. Can the receivable be written off as expenses and not included in the corporate income tax (CIT) taxable base in accordance with Article 9, Part 3, Clause 10 of the Corporate Income Tax Law (CIT Law)?
The employee has taken a sick-leave certificate due to illness, does not answer phone calls and does not contact the employer. In the event of dismissal from work, he will not be paid for the sick-leave period, as well as, possibly, this may be the reason for a complaint to the State Labour...
From the end of 2022, certain individual merchants, economic operators and farmers' and fishermen's farms, who are micro-enterprise tax (MUN) payers, have the opportunity to use a simplified MUN payment solution - the economic activity revenue account (SDI account). Let's take a look at who can...
A reader asks: Do senior managers of a company have to be board members? Are power of attorney agreements enough? What does it change?
A company purchases a passenger car that does not have a global positioning system (GPS) installed. The car will be used both for the needs of the company and leased to another company, but at the moment it is not known what percentage of the total activity will be rental services. In this case...
The Baltic states, the Netherlands, France and Germany are raising minimum wages, Austria, France and Spain are reducing corporate income tax rates, while Spain is introducing a temporary tax on banks and energy companies. This is shown by the BDO study on the tax changes of Latvia, Estonia...