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Baltic Tax News

15.03.2018
One of the important activities that banks conduct is the clarification of the origins of the funds and compliance with the international anti-money laundering...
22.02.2018
A number of days ago, all transfer procedures regarding clients’ payments and bank activities of ABLV Bank in Latvia were frozen by the ECB. ABLV Bank is the third largest bank in Latvia and it also has an...
21.11.2017
In the meeting of Secretaries of State was presented the draft of the Regulation regarding low tax or tax-free countries and territories. As of January 1, 2018 instead of the current 63 countries, the...
10.08.2017
Personal income tax and social contribution in Latvia 2017 Choosing a place of temporary or permanent residence can be based on various factors, one of which is the tax...
08.08.2017
Commencement of activity is assumed to be the start of regular economic activities of a natural or legal person in Estonia or when the VAT number is received. Meaning that VAT registration is...
31.07.2017
Corporate income and micro-company tax changes in Latvia 2017 When considering establishing a company, making profit, employing workers, and other activities related to...
27.07.2017
In Lithunia commencement of activity is assumed when foreign natural or legal persons carry out any kind of economic activities in Lithuania. That means that foreign taxable persons have to...
20.07.2017
Commencement of activity is assumed to be the start of regular economic activities of a natural or legal person in Latvia or when the VAT number is received. Meaning that VAT registration is...
18.07.2017
Violation of work remuneration provisions is subject to criminal liability The Legal Committee of the Parliament of...
13.07.2017
The Parliament of Estonia (Riigikogu) on July 12, 2014 concluded its work on the amendments to the Criminal Law, providing...
11.07.2017
Violation of work remuneration provisions in Lithuania is a subject to administrative liability...
14.06.2017
Expatriate Tax Planning in the Baltics The International Tax Specialist Group (ITSG) is a network of skilled tax specialists. Each ITSG member is highly experienced in international tax planning and is...
07.03.2017
You are cordially invited to the 10th Business seminar on “Expatriate Tax planning 2017 in the Baltics“ in cooperation with Swedish Chamber of commerce in Latvia. The seminar takes place on...
20.01.2017
Value Added Tax VAT is 20%. VAT is 9% in case of: books and workbooks used as learning materials; medicinal products, contraceptive preparations, sanitary and toiletry products and...
10.01.2017
The same like all EU member states, now it is permitted to use electronic VAT invoices in Latvia, if certain conditions are respected. Invoices always must be stored in their...
03.01.2017
A Convention, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, has been concluded between...
16.12.2016
Recently agreement was made between the Government of the Republic of Latvia and the Government of the Hong Kong Special Administrative region of the People's Republic of China for...
17.11.2016
“Baltic Taxes” available on the Apple App Store and the Android Market Baltic Taxes is a tax planning and optimization application which helps the user to calculate the VAT, corporate...
24.10.2016
On September 2016 new amendments were proposed to the Micro-enterprise Tax law in Latvia (Micro-company tax law). It has to be noted that these amendments still have...

Baltic Legal News

23.04.2018
EMI licence fee Prior to applying for an EMI licence it is necessary to pay into the account of the State Tax Inspectorate a state fee to...
17.04.2018
PI licence fee Prior to applying for a payment institution licence in Lithuania, it is necessary to pay into the account of the State Tax Inspectorate (STI)...
13.04.2018
Documents and information to be submitted to the Bank of Lithuania In order to be granted an electronic money...
10.04.2018
The authorization process of Electronic Money Institution (EMI) licence is conducted by the Bank of Lithuania. There is a specific procedure and a list of documents required to be submitted with an...
05.04.2018
There are several possibilities how one can obtain a temporary residence permit in Latvia. Immigration law in Latvia also determines several...
23.03.2018
What about establishing a cryptocurrency in Estonia? Cryptocurrencies in Estonia are becoming more popular. Most new cryptocurrencies are initiated with an Initial Coin Offering (ICO) process. Cryptocurrencies...
21.03.2018
A development of a startup in Estonia is the governmental program for attracting people all over the world to create new business opportunities in Estonia. It is easy to set up a startup company in Estonia...
01.03.2018
ABLV Bank has come under intense scrutiny in Latvia in the past weeks, leading to its liquidation. The bank itself earned more than 51 million Euros in the last year, but has lately been in the news due to...
20.02.2018
Do you have a bank account at ABLV Bank in Latvia and you are worried about the lastest news regarding the confidence of its position in the Latvian market? We can help guide you through...
06.02.2018
For the protection of the trade mark for the goods/services, the first owner should provide evidence of the genuine actual use of the trademark on...
02.02.2018
Since 2014, Estonia revealed the oppertunityt for alines to become Estonian e-Residents. Estonian e-residency is available to anyone around the world who is interested in starting a business in...
30.01.2018
A brief description of the case General Court (the Court) granted a judgement on the opposition to...
06.12.2017
From June 2017, when the new Public procurement law in Lithuania came into force, and there were newly established requirements for purchasing organisations in Lithuania. Firstly, if purchasing am organisation in...
16.11.2017
The new Lithuanian Labor Code has fixed wide a range of employment agreements in Lithuania, which makes employment relations very convenient both for employers and employees. Below you can find the most...
25.10.2017
Our Law Firm Attorneys provide legal assistance to persons in extradition matters. A person who is located in the territory of Latvia may be extradited for criminal prosecution, trial, or the execution of a...
18.10.2017
Recently, the Ministry of Justice of the Republic of Latvia has proposed new amendments to the Commercial law of Latvia with regard to the legal address of a company in Latvia. Abolishment of...
09.10.2017
Companies are obligated to inform the tax administration about any loans granted to the shareholders. According to the provisions of the Income Tax Act (Income Tax Act, § 502), which will enter into force on the 1st of...
05.10.2017
From 1 August 2017, the Act amending the Income Tax Act and other related Acts entered into force, which amended the provisions relating to special benefits for company...
03.10.2017
Companies in Estonia shall be obliged to report to the commercial register about the ultimate beneficial owners of a company. As a result of the amendments to the Money Laundering...

Baltic Business News

06.12.2016
Mr. Stoychev, a very intelligent student with high sense of responsibility, has just started his internship in Gencs Valters Law Firm in Riga. He is very motivated, and he will...
22.11.2016
Since September Mr Kivihuhta, a hard working law student from Finland, is a trainee at Gencs Valters Law Firm office in Estonia. Right now he is spending his last days as an intern...
22.11.2016
Если Вы желаете начать бизнес в Латвии, мы предлагаем Вашему вниманию краткую...
16.11.2016
Если Вы желаете начать бизнес в Латвии, мы предлагаем Вашему вниманию краткую...
06.09.2016
During 2016 summer Mr Trusevic, a very keen law student from Netherlands, spent a month on a internship at Gencs Valters law firm office in Vilnius, Lithuania. After his...
05.08.2016
Viesturs Tamužs, successful businessman and a partner at Eco investor, in his book ‘Ķīmiķis ķemmē un saķemmē’ (author’s translation: Chemist brush...
02.08.2016
At the summer of 2016 student from Finland (Lappeenranta) took part in internship in Gencs Valters Law firm. Intern took practical internship in Estonian office, Tallinn. Sara...
07.07.2016
In spring 2016 student from Georgia (Kutaisi) took part inGencs Valters Law firm'sinternship program. Intern took practical internship in Estonian...
30.06.2016
Tadas Bulota has joined our Law firm from June 20. He has gained strong legal background atChicago-Kent College of Law (Illinois Institute of Technology, USA) where he obtained...
19.05.2016
To expand the professional knowledge and experience about International taxation Gencs Valters Law Firm became a member of the...
17.05.2016
At the beginning of 2016 student from Finland (Helsinki) took part in internship in Gencs Valters Law firm. Intern took practical internship in Estonian office, Tallinn. Tommi...
13.05.2016
On 11 May, 2016 the 20th Annual General Meeting of the Swedish Chamber of Commerce in Latvia took place at...
02.05.2016
At the beginning of 2016 student from Finland (Kajaani) took part in internship in Gencs Valters Law firm. Intern took practical internship in Latvian office, Riga. Samuli...
13.04.2016
At the begining of 2016 student from Finland (Tampere) took part in internship in Gencs Valters Law firm. Intern took practical internship in Tallinn office, Estonia. Aleksi...
28.01.2016
In theautumn of 2014 student from Rome (Italy) took part in internship in Gencs Valters Law firm. Intern took practical internship in Tallinn, Estonia....
15.01.2016
On March 15th, 2016 Gencs Valters together with Multilaw will take part in lawyers’ informal networking event during MIPIM at the Miramar Page. MIPIM is the world’s...
17.12.2015
In theautumnof 2015 student from Belarus took part in internship in Gencs Valters Law firm. Intern took practical internship in Vilnius, Lithuania....

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


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