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What is the Global Minimum Tax? Based on the agreement of 137 (OECD) countries, including Latvia, of October 8, 2021, international reform regarding the application of business income tax was supported. As a result of the discussions, an agreement was reached on two work directions (two pillars...
The organization of working time in the company is an essential aspect of labor law, which results from the employer's obligation to accurately record the hours worked by each employee, as stipulated in the Labor Law (DL). At the same time, there are also possible exceptions to this general...
For BDO Latvia this year is remarkable - it is the 15th anniversary of the company establishment. Today BDO is known in the local market and worked a lot to build a reputation as an exceptional, innovative, and high-quality professional services provider to its customers. We are ensuring a social...
To maintain the competitiveness of their national companies and the purchasing power of their citizens, many European Union countries have reduced the excise tax rates on energy resources, for example Germany, Italy, Ireland. Hungary has set the maximum selling price for fuel; Poland has also cut...
Many Latvian businessmen and citizens show support for Ukraine in various ways, including in financial form - be it a donation of money or property, providing a job or shelter. Let's look at how to apply taxes to this type of assistance!
Following the global trends regarding the performance of remote work, Saeima has adopted amendments to the Immigration Law, planning to introduce remote work visas or so-called “Nomad visas”. The new regulation has the aim of promoting the entry of highly - qualified workers to Latvia from third...
On Thursday, April 7, in the second - final - reading, the Saeima adopted amendments to the Immigration Law that were recognized as urgent, which envisage suspending the issuance of the first initial temporary residence permits to citizens of the Russian Federation and the Republic of Belarus...
The Covid-19 pandemic has made adjustments to the development plans of many companies over the past two years, while national governments have taken steps to both deal with the effects of the pandemic and attract investors.
The Russian Federation’s invasion of Ukraine and the subsequent global response to those military actions will have significant financial and reputational effects on many entities. These include entities having business with partners in Ukraine, Russia, and Belarus, as well as those who may be...