Baltic Tax News Baltic Legal News Baltic Business News
30.07.2014
Changes regarding deductible VAT On the 3rd of July the President of the Republic of Estonia declared the amendments to the Estonian Value Added Tax Act (hereinafter the Act). The...
20.06.2014
Lithuanian government has submitted Tax administration law amendment which increase control powers granted to Lithuanian tax authority. After negotiations Parliament budget...
03.06.2014
On 20th of May 2014 the President of the Republic of Estonia Toomas Henrik Ilves proclaimed law (493 UA) for changing the current Value Added Tax Act with adding an annex to the VAT return...
06.05.2014
Corporate Income Tax Rates in Baltics Country Standard rate Decreased rate Transfer of loses to next ...
17.04.2014
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; permanent representative offices of non-residents that perform economic activity. Taxable objects Corporate income tax is...
15.04.2014
About Legal 500: The hugely successfulLegal 500series of guides reviews...
25.03.2014
A resident of one country carrying on business in another other country generally will be subject to that country’s income tax if it has a permanent...
24.02.2014
On February 6, 2014, in the meeting of Secretaries of the State, was announced the draft law, prepared by the Ministry of Finance of...
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...
17.07.2014
On July 11, 2014 the President of Lithuania signed the changes on the Law on the Legal Status of Aliens. The afore mentioned law regulates...
14.07.2014
Estonian Tax and Customs Board took on new government regulation. From 1st of July, Tax and Customs Board created an employment register. According to that, all legal and natural persons have to register...
27.06.2014
On May 24, 2014 the Order No. 1V-354/V-76 of the Minister of Internal Affairs and the Minister of Foreign Affairs of the Republic of Lithuania took effect. The...
13.06.2014
Our lawyer Valters Gencs as the only representative from Riga, Latvia attended the 2014...
30.05.2014
We are glad to announce that the Law Firm Gencs Valters has recently moved to the World Trade Centre...
26.05.2014
On May 8, 2014 Latvian Saeima passed amendments to the Immigration Law. The law provides that a third-country citizen may apply for Latvia's temporary residence permit, valid for a period of up to five...
27.03.2014
Very basics of trademarks in Latvia When people thinking about trademarks most often they think about word trademarks such as Coca-Cola, Google, Facebook or graphical such us McDonald’s yellow letter M or...
19.03.2014
Multilaw has put together a “Guide on How to Buy and Sell Real Estate” As a result they have a compilation of more than 50...
07.03.2014
Pre-trial. Proceedingsincluding sending official notifications to the debtor and fulfilling all the necessary formalities before the an eventual trial is commenced. Representation during trial. In situation where the...
06.03.2014
In Latvia the most popular form of covering debt through the court is the Compulsory Execution of Obligations in Accordance with Warning Procedures. In Latvia this form is the most popular because in the case the debtor does not have any...
04.03.2014
Prescription period in civil rights and commercial rights as well is period...
27.02.2014
Video is available here Mit ihrem jüngsten Volksentscheid haben...
26.02.2014
In Lithuania the most popular form of covering debt through the court is the Compulsory Execution of Obligations in Accordance with Warning Procedures. This form is the most popular because in the case the debtor does not have...
03.02.2014
International Financial Law Review - IFLR 1000, the guide to the world`s leading financial law firms, recognized Gencs...
31.01.2014
The most popular form of covering debt in Lithuania and Latvia through the court is the Compulsory Execution of Obligations in Accordance with Warning Procedures. This form is the most popular...
24.01.2014
On 1 January 2014, amendments to the Latvian Civil Law came into force significantly affecting all contracts where the parties have agreed on contractual penalties. Articles 1716, 1717, 1722, 1724,...
13.01.2014
Trade secrets and confidential information are inseparable from business development in any country. Trade secrets and confidential information is so important that lawsuit...
07.01.2014
From January 1, 2014 till July 30, 2016 Capital company must re-register its share capital in the Register of Enterprises. The share capital re-registration does not occur...
24.07.2014
According to amendments in the Commercial law of Latvia from July 1, 2014 the company can register any amendments in the Articles of...
27.06.2014
On June 19, the Nordic and Baltic Embassies together with their Chambers of Commerce celebrated...
05.06.2014
Lithuanian Parliament has recently voted in favour of acceptance of the Law on Euro adoption in the Republic of Lithuania (hereinafter – the Law). The Law will establish the...
22.05.2014
Gencs Valters Law Firm representative Gunda Leite attended our client L'Oréal and UNESCO Award ceremony for...
13.05.2014
Extraordinary dividends According to amendments in the Commercial law of Latvia as of 01.07.2014 will be...
10.04.2014
European Union citizens EU citizens have the right to stay in Latvia on the basis of a valid travel document for the period of up to 3 months within half a year counting from...
16.01.2014
IMMIGRATION AND RESIDENCY IN LATVIA European Union citizens EU citizens have the right to stay in Latvia on the basis of a valid travel document for...
19.09.2013
Lithuanian High Court in June, 2013 adjudicated in favor of non-professional investor and set the...
13.09.2013
Latviais replacing its currency, thelats, with theeuroon 1 January 2014. The conversion rate is set at 0.702804 Latvian lats to one euro, which...
05.09.2013
In 2013 august it was indicated the administrator of BAB Ūkio...
30.08.2013
Four months ahead of its planned euro-zone entry, Latvian lawmakers are debating whether to roll up a special welcome laid out three years ago for deep-pocketed investors from outside the European...
02.08.2013
Euro-zone business activity expanded in July for the first time in 18 months showing recent evidence that the region's economy is finally stabilizing after a recession that began in late 2011. The release of a...
17.07.2013
Meeting the Czech ambassador in Riga concerning business development of clients in the Valters Gencs Law Firm was a...
09.05.2013
Gencs Valters Law Firm supports National Day of Sweden Celebration in Latvia a National Day Concert will take place in Latvian Society...

For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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