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Doing Business Guide in the Baltics.
19.02.2014
Price fixing generally is understood as the restriction of the buyer's ability to determine its sale price. However not every commercial practice suggesting RRP or setting maximum...
05.02.2014
Chambers and Partners has released its global firm rankings for 2012. This is a guide to the world's leading law firms and rankings are ...
16.12.2013
Estonian Parliament has adopted the Value Added Tax Act and Accounting Act on 11. December 2013 which provides requirement to the report transactions in an annex to the...
26.11.2013
Lithuanian Seimas enacts amendments to Personal income tax (PIT) law. Among the welcome improvements is lowering of PIT for most common transactions. Since 2014, dividends and royalties to management and...
21.11.2013
In addition of being a member of WTO, EU, NATO, EMU and OECD, one of the reasons why Estonia has been successful in having steady economic growth despite the financial crisis - with a favorable expectation for...
13.11.2013
The Estonian Ministry of Finance has been initiated draft Value-Added Tax Act. Planned changes foresee that upon purchase or use under an operational lease for...
11.11.2013
The Estonian Ministry of Finance has initiated draft Income Tax Act and Value-Added Tax Act that will considerably change taxation...
28.10.2013
On November 6, 2013 in Saeima in the second reading shall be considered Draft law on Amendments to the Micro-enterprise Tax Law. Amendments establish that...
18.10.2013
CORPORATE INCOME TAX IN LATVIA Taxpayers Corporate income tax is paid by: domestic...
08.10.2013
Because of the free movement of labour, goods and services tax information is needed around the European Union. As European Union does not have a uniform...
29.08.2013
Tax system of Estonia consists of national taxes and local taxes. National taxes are income tax, social tax, land tax etc. According to Estonian Income Tax Act income tax is paid by natural persons and non-resident legal persons who...
29.07.2013
On July 25, 2013 in the meeting of Secretaries of the State were announced amendments to the Personal Income Tax Law. The Ministry of Finance...
26.07.2013
A number of EU Member States, including Latvia, have agreed within the EU VAT forum to commence a test case process for private VAT rulings relating to cross...
02.07.2013
A recent ruling of the Supreme Court of Estonia concerns liability of management board members. In order to become liable, a management board member...
21.06.2013
Estonian Tax and Customs authorities are entitled to deliver documents electronically to the taxpayers as well as, on their own initiative, to...
14.06.2013
On may 14th, the 27 Ministers of Economy of the Member States of the European Union, were gathered in Brussels in the Ecofin Meeting. On the agenda of the meeting, one point has been the...
07.06.2013
Lithuanian law on tax administration introduced a new requirement which is significant to investors doing Business in Lithuania. Article 421of law on tax...
29.04.2013
Value Added Tax Rates in Baltics Country Standart rate Decreased rate Latvia 21% 12% medical treatment,...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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