Baltijas nodokļu jaunumi Baltijas juridiskie jaunumi Baltijas Biznesa Ziņas
16.10.2014
The Swedish Supreme Administrative Court have asked from European Court of Justice (C-264/14 Skatteverket v. David Hedqvist) preliminary ruling on whether when...
14.10.2014
Estonian legislation defines Social (Security) Tax as financial obligation imposed on taxpayers in order to secure revenue for pension insurance and state health insurance. Social tax shall be paid on following: Wages and other remuneration...
09.10.2014
On the January 1, 2006 a Law on Real Estate Tax has entered into force. The tax ranges from 0,3% to 3% and it is paid by real estates intended for certain purposes (administration, accommodation, trading, services, catering,...
06.10.2014
Annual reports The length of a financial year is estimated to twelve months (one calendar year, unless provided otherwise). There are several cases where the financial year may be shorter or longer than the previously mentioned term,...
24.09.2014
According to the law “On Value-Added Tax”, adopted in March 1995, VAT has to be charged on any supply of goods or services, on the import of goods, as well as on self -consumption. Until June 30, 2012 VAT rates...
15.09.2014
It is important to bear in mind that in Estonia in contrast to a number of European countries there is no systematic monthly corporate tax. Instead a resident company shall pay income tax on profits distributed as dividends...
11.09.2014
The law “On State Social Insurance”, originally passed in 1998, sets out the application of mandatory statutory social insurance payments to salaries received by...
08.09.2014
Personal income tax is imposed on the income of a taxpayer from which deductions pursuant to Estonian tax legislations have been made. The income tax shall be paid by natural persons and by employers who are natural persons...
01.09.2014
The Law on Tax Administration, originally adopted in 13 April 2004, sets out the general taxation principles in Lithuania. This law sets basic concepts and regulations which must be observed in...
28.08.2014
European Union has not been a big player regarding taxation within member states. EU has considered that taxation is something the states should be complying with by themselves. The...
30.07.2014
Changes regarding deductible VAT On the 3rd of July the President of the Republic of Estonia declared the amendments to the Estonian Value Added Tax Act (hereinafter the Act). The...
20.06.2014
Lithuanian government has submitted Tax administration law amendment which increase control powers granted to Lithuanian tax authority. After negotiations Parliament budget...
03.06.2014
On 20th of May 2014 the President of the Republic of Estonia Toomas Henrik Ilves proclaimed law (493 UA) for changing the current Value Added Tax Act with adding an annex to the VAT return...
06.05.2014
Corporate Income Tax Rates in Baltics Country Standard rate Decreased rate Transfer of loses to next ...
17.04.2014
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; permanent representative offices of non-residents that perform economic activity. Taxable objects Corporate income tax is...
15.04.2014
About Legal 500: The hugely successfulLegal 500series of guides reviews...
25.03.2014
A resident of one country carrying on business in another other country generally will be subject to that country’s income tax if it has a permanent...
19.03.2014
Multilaw has put together a “Guide on How to Buy and Sell Real Estate” As a result they have a compilation of more than 50...
24.02.2014
On February 6, 2014, in the meeting of Secretaries of the State, was announced the draft law, prepared by the Ministry of Finance of...
10.10.2014
From the beginning of 2015 Estonian Competition Act and Penal Code are amended. In Estonia misconducts according Competition law have been considered as...
02.10.2014
The main sources for false advertising claims are the Advertising Law and the Unfair Commercial Practice Prohibition Law. The Advertising Law prohibits misleading advertisements and contains general requirements for...
23.09.2014
Concluding of the employment contract The core of the Estonian labor relations is regulated by the Estonian Employment Contracts Act. It includes numerous provisions...
17.09.2014
As businesses grow internationally and companies are trying to offer their products worldwide, contracts of distribution become a valuable tool. With these contracts producers or suppliers can...
10.09.2014
Following the European Union decision, Lithuania will become the 19th Member of Eurozone from 1st of January 2015. Official currency exchange rate set by the European bank is...
04.09.2014
General Rules about Daily and Weekly Working Time According to the Labor Law the working time means a period from the beginning till the end of work during which an...
22.08.2014
Our law firm is a member of ECTA since May 1st, 2004. We were the first...
05.08.2014
Nowadays every single business relies on advertising to inform customers about their products or services. Every company is trying to acquire a part of market using different media outlets. There is no doubt...
17.07.2014
On July 11, 2014 the President of Lithuania signed the changes on the Law on the Legal Status of Aliens. The afore mentioned law regulates...
14.07.2014
Estonian Tax and Customs Board took on new government regulation. From 1st of July, Tax and Customs Board created an employment register. According to that, all legal and natural persons have to register...
27.06.2014
On May 24, 2014 the Order No. 1V-354/V-76 of the Minister of Internal Affairs and the Minister of Foreign Affairs of the Republic of Lithuania took effect. The...
13.06.2014
Our lawyer Valters Gencs as the only representative from Riga, Latvia attended the 2014...
30.05.2014
We are glad to announce that the Law Firm Gencs Valters has recently moved to the World Trade Centre...
26.05.2014
On May 8, 2014 Latvian Saeima passed amendments to the Immigration Law. The law provides that a third-country citizen may apply for Latvia's temporary residence permit, valid for a period of up to five...
27.03.2014
Very basics of trademarks in Latvia When people thinking about trademarks most often they think about word trademarks such as Coca-Cola, Google, Facebook or graphical such us McDonald’s yellow letter M or...
07.03.2014
Pre-trial. Proceedingsincluding sending official notifications to the debtor and fulfilling all the necessary formalities before the an eventual trial is commenced. Representation during trial. In situation where the...
06.03.2014
In Latvia the most popular form of covering debt through the court is the Compulsory Execution of Obligations in Accordance with Warning Procedures. In Latvia this form is the most popular because in the case the debtor does not have any...
13.10.2014
Due to economic conditions sometimes it is required to relieve more than one employee at a time. Although these actions are necessary to preserve the business or reduce the expenditures, termination of multiple...
07.10.2014
On Thursday, 25 September, 2014 the Saeima of the Republic of Latvia has approved in the last reading amendments in the Insolvency Law. According to approved amendments, in...
01.10.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great manner to reduce costs. The most common question is: which country (or city) to choose? While...
22.09.2014
Accounting records According to laws, accounting records shall clearly display the transactions and financial results of a company, and it shall give a true and fair view of its financial...
19.09.2014
E-money institution can be registered as Limited Liability Company or Joint Stock Company. The share capital of e-money institution has to be at...
16.09.2014
Insolvency of an enterprise means the state of an enterprise when it fails to settle with the creditor/creditors and the overdue liabilities/debts are in excess of over a half of the value of the assets on the enterprise's...
09.09.2014
Electronic money institution in Lithuania shall receive a license according to the provisions of the Law on Electronic Money and Electronic...
03.09.2014
To provideelectronic money institution servicesLimited Liability Company or Joint Stock Company have to be registered in Latvia, with...
02.09.2014
Arbitration is not a novelty way to resolve disputes, however in recent years it has been gaining momentum in Lithuania. The main reason for this...
18.08.2014
The Latvian gambling regulator has published its first blacklist of 20 gambling domains including PokerStars, bet365 and 888 in an attempt to restrict the grey market in the Baltic...
24.07.2014
According to amendments in the Commercial law of Latvia from July 1, 2014 the company can register any amendments in the Articles of...
27.06.2014
On June 19, the Nordic and Baltic Embassies together with their Chambers of Commerce celebrated...
05.06.2014
Lithuanian Parliament has recently voted in favour of acceptance of the Law on Euro adoption in the Republic of Lithuania (hereinafter – the Law). The Law will establish the...
22.05.2014
Gencs Valters Law Firm representative Gunda Leite attended our client L'Oréal and UNESCO Award ceremony for...
13.05.2014
Extraordinary dividends According to amendments in the Commercial law of Latvia as of 01.07.2014 will be...
10.04.2014
European Union citizens EU citizens have the right to stay in Latvia on the basis of a valid travel document for the period of up to 3 months within half a year counting from...

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© Zvērināta advokāta Valtera Genca birojs, 2012