Baltijas nodokļu jaunumi Baltijas juridiskie jaunumi Baltijas Biznesa Ziņas
21.05.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
05.05.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; non-resident permanent establishments that perform economic activity. Taxable...
15.04.2015
General corporate income tax rate in Lithuania is 15%. However, following the provisions of the Law on Corporate Income Tax, small companies can benefit from 5% corporate income...
10.04.2015
We are proud to announce that our firm has been recommended as a TOP...
31.03.2015
Earlier this month Lithuania has been rated as a country with the best business...
24.03.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; permanent establishments of non-residents that perform economic activity (including...
17.03.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; permanent representative offices of non-residents that perform economic...
17.02.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it consists of: income from employment; business income (self-employed income); gains from transfer of...
16.02.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it consists of: salary tax calculated from the income acquired by the employee and is paid by the employer; fixed...
13.02.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it includes: income from employment; business income (self-employed income); gains from transfer of...
03.02.2015
Latvia has one of the most attractive shipping taxation regimes in the EU. If the usual company has income it must...
30.01.2015
The ruling regarding minimum rate of interest on fringe benefits from the Minister of Finance was nullified and staring from2015 issuing loans on market terms to the employees or persons equal...
29.01.2015
Lithuania has included 58 countries to a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for individuals and...
26.01.2015
Latvia has listed 62 countries on a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for individuals and legal persons....
15.01.2015
Few Corporate income tax amendments applicable for 2014 income is a good sign, indicating stability in Lithuanian corporate tax system. Besides that, most of law changes are business...
13.01.2015
Beginning of new financial year is a need to review legal requirements applicable to taxation of 2014 year’s income. There were several substantial amendments of Personal income tax law in...
08.01.2015
According to the amendments made to the Income Tax Act, which became in force from the 1st of January 2015, all companies and permanent establishments located in Estonia...
17.12.2014
Option plans are good ways to reward employees for successful year or to bind them for the company. In Estonia option plans are taxed as fringe benefits. Fringe benefits are benefits received from the employer for...
26.05.2015
Legal Requirements As To The Form Of Agreement There is no legal requirement for a contract to be in writing. If a person doeswork for another person for remuneration, it is presumed to be an employmentcontract and the...
08.05.2015
General principles Forums For Adjudicating Employment Disputes The Labour Dispute Law...
22.04.2015
As of 1st of April the Aliens Act that regulates the bases for the entry of foreigners into Estonia, their...
09.04.2015
Registering your invention seems like a long and complicated process. Taken into account the administrative burden and patenting costs, inventors often ask “is it...
30.03.2015
It makes us proud to announce that Gencs Valters Law Firm, a full service law firm in Latvia, Estonia and Lithuania, has crossed another milestone. On March 9th, 2015 our firm celebrated 15 Year...
10.03.2015
According to the Law on Citizenship, there are three ways how person can become citizen of Republic of Latvia- ancestors of...
26.02.2015
According to the Law on Citizenship, persons whose ancestors were citizens of Lithuania have a right to reinstate their citizenship. But what seems as a simple administrative procedure, can...
10.02.2015
Procedures For Terminating the Agreement In all cases the termination of an employment contract must comply with the...
09.02.2015
Changes To The Contract In the event of changes in production, its scope,...
06.02.2015
General Principles Forums For Adjudicating Employment Disputes The Labour...
19.01.2015
From January 1, 2015 the amendments of the Civil Procedure Code regulating class action came into force. Prior to the amendments, class action was merely a theoretical...
22.12.2014
In 11th of September of 2014 new amendments on law regulating Arbitration were adopted, these new regulations will be in force from 1st of January...
02.12.2014
A court decision does not always satisfy the parties of the dispute. In such case, the best remedy might be to appeal the decision. However, for an appeal to be admitted by the...
24.11.2014
Prohibited agreements The Competition Law prohibits and proclaims null and void all agreements...
13.11.2014
Mergers, divisions and changes in the form of Latvian companies fall under the reorganization rules. Information further covers the main legal and...
07.11.2014
When a product released to the market causes injuries or damages, the first task of claimant is to determine a guilty party. Legislation of different countries may hold different parties responsible, hence sometimes it is hard...
30.10.2014
On September 6th Lithuanian Ministry of Culture has passed Regulation on movie financing...
23.10.2014
Estonia has taken another gigantic leap in proving that it is an E-State. Starting from 7th of October people from all over the world can pre-apply to become...
18.05.2015
Part one Forums For Adjudicating Employment Disputes The Labour Inspectorate has exclusive jurisdiction for most employment claims, but in certain cases and when the parties fail to reach...
14.05.2015
As of 1 January 2013 the holding regime has been introduced in Latvia. Such regime provides less tax burden In Latvia from receiving and distributing profits. Receiving dividends and profit taxation In line with Latvian legislation...
27.04.2015
If you find out that a third party infringes your registered trademark, you can take legal actions to stop the infringement. In this article you will find out what...
14.04.2015
This guide gives an overview introduction to the key requirements when buying or selling real estate in Estonia. This overview is not complete as each particular property has...
31.03.2015
Earlier this month Lithuania has been rated as a country with the best business...
20.03.2015
Commission of European Union released 18 March 2015 new tax transparency package. The package is aimed to put down tax avoidance and transfer pricing arrangements...
05.03.2015
Taking into account that there are different corporate tax rates in European Union member states, corporate income tax is used as a tool to attract...
23.02.2015
From January 2015 Estonian Commercial Code was amended. The most significant change was new simplified procedure for...
20.02.2015
On the 11th of February the Parliament of Estonia adopted new amendments to the Commercial Code. These...
04.02.2015
Any European Union citizen is free to stay in the Republic of Lithuania for a period up to 3 months within half a year. If the person wishes to stay in the Republic of Lithuania longer,...
27.01.2015
European Union citizens EU citizens have the right to stay in Estonia on the basis of a valid travel document or identity card for the period of up to 3 months. If the person wishes to stay...
14.01.2015
Estonia has listed 55 countries that are on so-called black list because of their tax policy. The aim of this list to proof that the person who is involved in business is not located at low tax rate...
10.01.2015
Brokerage services are usually defined as buying and selling of financial securities (or financial instruments) which include research and advice for the clients of a brokerage firm. Not to be confused with investment...
07.01.2015
Minimum monthly salary and the minimum hourly wage rate According to amendments in the Regulations of the Cabinet of Ministers of the Republic of Latvia regarding the...
23.12.2014
Similar to the Green Card in the USA, the EU blue card offers highly educated employees from third countries the opportunity and the right to work and stay in...
08.12.2014
Concept of Franchise Franchise is regulated in Estonia under Law of Obligations act. The act defines that franchise is a contract where one person undertakes to grant to another person a set of rights and information that belongs to the...
28.11.2014
Successful business model or brand may be leased to another party for period of time; this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of the brand...
19.11.2014
Following January 1, 2015 all the companies registered in Lithuania are imposed with obligation to change their share capital as the country...

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© Zvērināta advokāta Valtera Genca birojs, 2012