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On Thursday, February 28, the Saeima supported the new Commercial Secret Protection Law and related amendments to the Civil Procedure Law, developed by the Ministry of Justice, in the third reading. The purpose of the Law is to ensure effective protection of the commercial secret, in particular against unlawful acquisition, use or disclosure thereof. The draft Law is developed in […]

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On January 1,  2019 changes of Law on the Vehicle Operation Tax and Company Car Tax came into force. Changes affect cars first registered after January 1, 2009, depending on the carbon dioxide (CO2) emission per kilometer.  For older vehicles calculation procedure remains the same. Explanations of the new calculation, reliefs and info graphics in […]

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Expense and Business travel accounting calls for diligence and accuracy, as well as consumes an accountant’s working time on a daily basis significantly. With our service, we will ease your accountant everyday life. All supporting documents and reports are kept in the digital form, timely expense and travel document processing, report preparation and sending to […]

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How to assess the quality of accountant’s work? Assessing of the quality of accountant’s work is a quite difficult process because there are no unified criteria that would help a company or an entrepreneur to determine whether an accountant has enough competence and knowledge in his or her area. Incompetent action and mistakes made by […]

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Minimum wage Minimum wage increased by EUR 10. Minimum wage by 1 January is EUR 370. Relief for dependent persons Relief for dependent persons increased by EUR 10. Relief is now EUR 175. Relief is no longer applied for the worker’s unemployed spouse and parents. Implemented differentiated untaxed minimum Workers with wages below EUR 1000 […]

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