Insights

According to the Clause 5 (1) 2), of the official electronic address law, from 1 January 2023 all companies have to use electronic address (hereinafter – “the e-address”). It is possible to register the e-address already now. From the day of registration of the e-address or from 1 January 2023, whichever is earlier, all further

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From 2021, a new joint account for tax payments is introduced. Also, payment deadline for all taxes has been set as 23rd date of month. Requisites for the new bank account for tax payments: Beneficiary: Valsts Kase Beneficiary’s reg. Nr.: 90000010008 Beneficiary’s Bank: Valsts Kase SWIFT: TRELLV22 IBAN: LV33TREL1060000300000

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Companies whose turnover suffered as a result of Covid-19 can apply for subsidies for the period from November 2020 through May 2021. Subsidy size For months of 2021, 60% (for months of 2020: 30%) of total gross salary paid in August, September and November 2020. Maximal total subsidy size – EUR 100,000 per month. Eligible

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Overview of company liquidation procedure

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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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