VAT Act amended (1/31/14) (0)

29.07.2014

Passed

Amendments to the VAT Act we wrote about in March were passed on 12 June with effect from 1 October. According to their transition rules, some of the amendments will come into force on 1 January 2015. This article explores what we see as key changes. Read more..

Aid rules for small, medium and agricultural businesses to be amended (2/31/14) (0)

29.07.2014

Draft

On 22 July the Cabinet of Ministers supported amendments to Cabinet Rule No. 1065, which deals with lending in aid of micro, small and medium businesses as well as agricultural service cooperatives. This rule determines how Altum, the Latvian Development Finance Institution, can provide support to those traders. This article explores what we see as key amendments. Read more..

Briefly on associations and foundations (3/31/14) (0)

29.07.2014

Practice

This article explores the terms “association” and “foundation,” the core principles of their accounting and bookkeeping, benefits of acquiring public benefit organisation status, and how to prepare and file annual reports. Read more..

Revised stamp duty on title and mortgage registration (1/30/14) (0)

23.07.2014

Passed

Paragraph 16.1 of Cabinet Regulation No. 1250 of 27 October 2009 on stamp duty for entering property title and mortgages on the land register, which imposes a higher rate for late registration, came into force on 1 July 2014. This clause has been inserted in the rules as part of their amendments package dated 29 October 2013 with a period of transition until this July. Read more..

Free Ports and Enterprise Zones Taxation Act amended (2/30/14) (0)

23.07.2014

Passed

The Taxation of Free Ports and Enterprise Zones Act has been amended again with effect from 11 July. This article explores what we see as key amendments. Read more..

 
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