COMMERCIAL AND CORPORATE LAW – The Senate grants interim protection and suspends the legal obligation imposed by the Competition Council ENERGY – Amendments to the Energy Law foresee a more flexible regulation for the acquisition of state oil product security reserves into state ownership– Cabinet Regulations No. 163 will be supplemented for the implementation of […]
Legislative Review July 10–16, 2026 Lasīt vairāk »
Calculating capital gains tax in the event of real estate alienation still raises many practical questions. This is not surprising, as the possible situations vary greatly, and consequently, the results of the tax calculation also differ. Furthermore, the explanations provided by authorities and courts do not always coincide. In this article, we will look at
How to determine the acquisition value of land for capital gains tax calculation? Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – Non-compliance of meeting continuation with regulatory requirements and its impact on the validity of adopted decisions REAL ESTATE AND CONSTRUCTION – Amendments to Cabinet Regulation No. 294 “Regulations on Latvian Construction Standard LBN 261-15 ‘Internal Electrical Installation of Buildings’”– Amendments to Cabinet Regulation No. 500 “General Construction Regulations” submitted for
Legislative Review July 6–July 9, 2024 Lasīt vairāk »
Amendments have been adopted to the Civil Procedure Law, expanding the jurisdiction of the Economic Court in civil cases. Henceforth, the court will also hear claims regarding damages caused by board members, council members, and founders of capital companies, the acquisition of shares or stocks in capital companies, termination of operations, claims for insurance payouts,
Disputes involving board members and shareholders will be heard by the Economic Court Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – New requirements for media service providers– Obligation to submit and register UBO nationality and level of control enters into force REAL ESTATE AND CONSTRUCTION – Amendments adopted to Cabinet Regulation No. 156 “Procedures for Market Surveillance of Construction Products”– Changes adopted regarding the procedure for renewing municipal rental agreements– Amendments
Legislative Review June 29 – July 3, 2026 Lasīt vairāk »
COMMERCIAL LAW AND CORPORATE LAW – The announced amendments to the Insolvency Law will abolish the Insolvency Control Service and transfer its functions to other entities– Joint-stock companies must update their articles of association by July 1, 2026 REAL ESTATE AND CONSTRUCTION – Amendments to Cabinet Regulations No. 693 “Construction Normative LBN 200-21, General Requirements
Legislative Review June 12–25, 2026 Lasīt vairāk »
2025. June 10, [year], amendments to the Criminal Law came into force, stipulating that criminal liability for violations of international and national sanctions arises only if the value of sanctioned goods or services reaches 10,000 euro. However, if the value of sanctioned goods is less than 10,000 euro, administrative liability applies to the person: 1.
Recently, the Court of Justice of the European Union (CJEU) has issued several judgments regarding the link between transfer pricing and VAT. It would be beneficial for companies to evaluate how these rulings may affect their pricing policies and tax bases in intra-group transactions. A previous article on transfer pricing adjustments (here) extensively covered their
Is a transfer pricing adjustment subject to VAT? Lasīt vairāk »
Establishing a company is one of the first steps towards successfully launching a business. However, this decision requires not only the development of ideas and strategic planning, but also a well-founded assessment of whether to establish the company alone or with a partner, and in what proportions to divide the capital shares among partners. The
Founding a company: alone or with a partner? Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – Introduction of utility bill recalculation in cases of unjustified residence declaration– Amendments to the Law on Governance of Capital Shares of a Public Person and Capital Companies– Board member held liable for losses caused by VAT late payment interest, but not the principal VAT debt– Constitutional Court refers to the
Legislative Review June 5 – June 11, 2026 Lasīt vairāk »
