Insights

Company liquidation procedure

10 May 2018 | 

Overview of company liquidation procedure

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Requirement to register a business location (struktūrvienība)

1 March 2018 | 

Companies have to register in SRS each location where they conduct business. This means that if a company has any operations outside its legal address, it needs to register it in SRS as a business location.

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Requisites for tax payments

1 February 2018 | 

Corporate Income Tax Beneficiary: Valsts Kase Beneficiary’s Bank: Valsts Kase SWIFT: TRELLV22 IBAN: LV08TREL1060000121000 Purpose of payment: UIN par [year or month] Personal Income Tax Beneficiary: Valsts Kase Beneficiary’s Bank: Valsts Kase SWIFT: TRELLV22 IBAN: LV91TREL1060000110000 Purpose of payment: IIN par [month] Social Security Contributions Beneficiary: Valsts Kase Beneficiary’s Bank: Valsts Kase SWIFT: TRELLV22 IBAN:

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Instructions for execution of tasks in Electronic Declaration System

1 February 2018 | 

How to approve documents prepared by your accountants using you internet bank authorisation data, how to submit applications, grant EDS rights, and other actions in EDS.

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Taxes on the Board Members’ alleged income

1 February 2018 | 

A company has to pay payroll tax from minimal salary in a month when both of the following conditions applies: the company does not have any employees who receive at least minimal salary; the company has monthly sales exceeding 5 minimal salaries. For 2018, the minimal salary is EUR 430 a month, therefore monthly sales

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