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Doing Business Guide in the Baltics.

Nieuws over belastingen in de Baltische Staten

05.02.2016
Micro company tax starting from January 1st, 2016 did not change and the tax of 9 % is applicable for companies with turnover till 7000 EUR, but micro companies with turnover from 7001 EUR to 100000EUR are subject...
02.02.2016
From January 1st, 2016 the vehicle operation tax for vehicles with gross weight till 12000 kg is increased more than twice in almost all weight categories. For example, for vehicles with gross...
27.01.2016
From January 1st, 2016 excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from 161 EUR to 206 EUR...
19.01.2016
The SRS has the power to determine taxable object that is decreased with taxes and fees on the basis of statement and levy fine in the amount of 100 %, if it is...
11.12.2015
The Saeima (Parliament) of the Republic of Latvia in the final reading accepted several amendments to the Gambling and Lottery law on 30.11.2015. The amendments are not in the force yet. Law...
13.10.2015
Please find below list of countries with which Latvia has concluded DTT. Albania Armenia Austria Azerbaijan Belarus Belgium Bulgaria Canada China Czech...
22.09.2015
On the 11th of September the Supreme Court of Estonia dismissed cassation submitted by Sirowa Tallinn (Sirowa) in relation with Tax...
11.09.2015
The general rule is that operating losses may be carried forward indefinitely as long as the company continues the activities that caused the losses. However, losses carried forward cannot offset more than 70% of...
17.08.2015
While it is possible for foreign company to conduct business operations in Lithuania withoutestablishing a legal person, it should be noted that such activities may create a permanent establishment (PE)....
28.07.2015
Following the amendments of the Law on VAT, reverse VAT charge shall also apply for construction works, even if customer and contractor are both established in...
21.07.2015
The MOSS system, otherwise referred to as mini one stop shop will allow merchants all over the EU to pay VAT more easily. The MOSS system has been introduced to ease the...
06.07.2015
On 21st of May the Government of Estonia approved several bills for changing the tax laws. Please see below short overview of the relevant changes. National social insurance tax With the proposed...
30.06.2015
Consolidated reporting is regulated by the Law on Consolidated Financial Statements of Enterprises. An entity having one or several subsidiary undertakings must draw up...
18.06.2015
Starting from 13th May 2015 new amendments in micro company tax are in force. The previous regulation of micro company tax Till the amendments the following rates of...
21.05.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
05.05.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; non-resident permanent establishments that perform economic activity. Taxable...
15.04.2015
General corporate income tax rate in Lithuania is 15%. However, following the provisions of the Law on Corporate Income Tax, small companies can benefit from 5% corporate income...
10.04.2015
We are proud to announce that our firm has been recommended as a TOP...

Juridisch nieuws in de Baltische Staten

25.01.2016
Part 3 State and the notary fees The notary fee is paid to a public notary in connection to the necessary legal and technical services, and its...
22.01.2016
Concluding a real estate pre-purchase agreement A pre-purchase agreement is usually concluded when a reason restricting the immediate conclusion of the...
18.01.2016
This article gives you an overview about the key requirements for purchasing or selling real estate in Estonia. This summary is not complete or exhaustive, since each particular...
13.01.2016
Part 3 Register the transfer of title to the property in the Real Estate Register According to the Lithuanian law, the registration of...
11.01.2016
Part 2 Request for clarification and revision of cadastral and registration data For the execution of the sale-purchase agreement a notary...
08.01.2016
Part 1 This real estate guide gives an overview introduction to the key requirements when buying or selling real estate in Lithuania. This article is...
06.01.2016
In today's Latvia, a foreign national essentially stands in the same position as a Latvian citizen when it comes to the purchase of the real estate and to...
30.11.2015
Traditionally, trademarks are consisted of words, logos or graphic designs applied to goods or packaging. Usually, certain procedure is required, as well as compliance with the existing rules and legislation (e.g....
26.11.2015
The Code Administrative Offences will enter into force April 1, 2016. The Code establishes fines for CEOs...
25.11.2015
The WIPO (The World Intellectual Property Organization) has the Recommendation for the Protection of Well-Known Marks that is ’soft-law’, meaning that it is not a binding legal instrument. Majority of the...
23.11.2015
Current system of the European patent obtaining requires the patent be individually validated by each member state where the protection is sought. Such process is...
30.10.2015
Exceptions to Constitutional prohibition Lithuanian citizenship law of 2010 provides that persons who have right to reestablish Lithuanian citizenship shall renounce their current citizenship. This is general...
14.10.2015
What is Safe Harbor Agreement? The EU Data Protection Directive provides that EU companies can transfer personal data to non-EEA countries only...
06.10.2015
Part two Termination By Parties’ Agreement The parties are entirely free to agree termination on any grounds they desire. Where the parties agree to terminate the employment, they are not required to obtain...
15.09.2015
On 10 September 2015 the Court of Justice of the European Union (the CJEU) adopted a judgment in the Case C-266/14...
09.09.2015
Jurisdiction The European Court of Human Rights (the ECHR) is an international court based in Strasbourg, France. The ECHR has jurisdiction to decide individual or State...
27.08.2015
Part fifth Compulsory Training Obligations There are no compulsory training obligations for employees generally, but obviously some trades/professions will impose their own standards/expectations. Employer is obligated...
06.08.2015
Part fourth -Maintaining The Employment Relationship Changes To The Contract In the event of changes in production, scope, technology or labour organisation, as well as in other cases of production necessity, an...
20.07.2015
The description of e-residency in Estonia E-residency is a digital identity, which Estonia has created for foreigners. In 2014 Estonia became the first country to offer electronics residency to foreigners. E-residents are issued...
10.07.2015
The Pension System in Latvia The private voluntary pension scheme or the 3rdpension pillar stipulates the...

Gebeurtenissen

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....
19.11.2015
In the summer of 2015 student from Göttingen (Germany) took part in internship in Gencs Valters Law firm. Intern took practical internship in Vilnius, Lithuania. Alexander Kopf was...
27.10.2015
In Latvia bank accounts are subject to bank scrutiny and some real business shall be present. However few Latvian banks offers the possibility to open a bank account for the foreign company and individuals. In that case...
19.10.2015
In the summer of 2015 student from Glasgow (Scotland) took part in internship in Gencs Valters Law firm. Intern took practical internship in Riga, Latvia. Kate Ireland was glad...
07.10.2015
Part three Restricting Future Activities A written agreement between an employee and an employer regarding the restriction of the occupational activities of the employee after termination of employment is possible. Such...
07.09.2015
Dear coorporation partners, We are glad to invite you to the SelectUSA Roadshow in Tallinn on 21st of September 2015. The aim...
04.09.2015
The new data on minimum wage across Europe published by Eurostat on July, 2015 proves that the Baltic States remain the most attractive countries for...
31.08.2015
Procedures For Terminating the Agreement In all cases the termination of an employment contract must comply with the terms of the contract. In most cases, there are certain minimum steps which must be followed before...
18.08.2015
Geographical Indications (GI) are a parallel string besides trademarks to secure the customers trust in a certain product’s origin, protect him from confusion and allow...
07.08.2015
The aim of GPPH project is to enable faster and higher quality in patent examination within the...
03.08.2015
Enforcement of Intellectual property rights through customs Owners of Intellectual Property Rights (IPR) face the problem of damages caused by the import and sale of counterfeit goods that infringe...
24.07.2015
Regardless of the EU Single Market, there still exist barriers that complicate the free movement of online services and entertainment across national borders. The Digital Agenda will update EU Single Market rules for the digital era. The aim...
13.07.2015
The Estonian pension system has three pillars. First pillar is state pension, this means that the state pays the pension for persons who have reached the retirement age. The second pillar is mandatory funded pension. The aim...
07.07.2015
There are several ways how company can motivate there employees- rise in salary, bonuses, health insurance and other benefits. Most of these cause extra tax burden to...
29.06.2015
The government has approved the proposal submitted by the Ministry of Social Security and Labour to increase minimum wage following July 1, 2015. The new monthly minimum wage...
12.06.2015
Every product has its own features such as lines, contours, colors, shape, texture and materials used, or its ornamentation. The design of a product is very important and can be protected by registering it as a...
09.06.2015
Nowadays word-of-mouth is not considered a reliable way to inform customers about company’s production. Advertising is crucial in order to get rapid sales of a product or service, and to have a successful...

Indien vragen, neem contact op met advocaat Valters Gencs: info@gencs.eu

Het hier genoemde materiaal moet niet worden opgenomen als juridisch advies.

© Valters Gencs Advocatenkantoor, 2012



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