This question is particularly relevant for entrepreneurs who conduct business activities not only in Latvia but also abroad. Recently, the Lithuanian tax administration denied a Lithuanian company within a corporate group the right to apply a withholding tax exemption on dividends paid to its parent company registered in Cyprus. Although the dividends were formally paid […]
Can any corporate group structure be questioned? Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – Senate explains how to calculate the deadline for contesting a shareholder meeting decision REAL ESTATE AND CONSTRUCTION – “Amendments to the Construction Law” adopted in the 2nd reading– Seminar “The Future of Building Expertise: Artificial Intelligence, Challenges, and Development Directions” ENERGY – Amendments to the methodology for calculating electricity distribution
Legislative Review 01.06.–04.06.2026 Lasīt vairāk »
2023. In May 2023, European Parliament and Council Directive (EU) 2023/970 on pay transparency (the Directive) was adopted with the aim of ensuring that men and women receive equal pay for equal work or work of equal value. Although the requirements of the Directive have not yet been transposed into Latvian law – the public
Transposition of the Pay Transparency Directive’s Requirements in Latvia Lasīt vairāk »
The European Union (EU) is taking a major step towards a unified and centralized anti-money laundering (AML) system. From July 10, 2027, a single set of AML rules will operate in the EU for the first time, as the new EU Anti-Money Laundering Regulation (AMLR), the 6th AML Directive, and the AMLA Regulation come into
Europe establishes a unified AML supervision system Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – The Senate indicates that for board members’ liability for unsubmitted accounting documents, the administrator must specifically prove how the missing documentation affects creditors’ ability to recover debts REAL ESTATE AND CONSTRUCTION – The court recognized that the municipality had reasonably ordered the demolition of a fence and gates illegally built
Legislative Review May 22–28, 2026 Lasīt vairāk »
COMMERCIAL LAW AND CORPORATE LAW – Decision to terminate association’s activities revoked after election of new board REAL ESTATE AND CONSTRUCTION – Amendments to the Apartment Ownership Law ENERGY – Planned strengthening of wind power plant supervision regulations– AST to conduct stability test of synchronous compensator and battery operation in Latgale REGULATED LAW – Public
Legislative Review May 15–21, 2026 Lasīt vairāk »
ENERGY – Amendments to the Law “On Environmental Impact Assessment”– Calculator developed for calculating emissions and NRT for filling stations– Energy Sector Review – April 2026 REGULATED RIGHTS – Amendments to the Law on Accessibility of Goods and Services will introduce definitions in line with the European Union Directive – Amendments to the Law on
Legislative Review May 8–14, 2026 Lasīt vairāk »
Recently, the State Revenue Service (SRS) published a clarification regarding the frequency of tax invoice issuance for long-term services. The question arose in connection with land lease agreements concluded for a period of 12 months or, in some cases, even 60 months. Specifically, it was assessed whether, in a situation where a lease service is
When should a VAT invoice be issued for long-term services? Lasīt vairāk »
COMMERCIAL AND CORPORATE LAW – Dismissal of a cooperative society’s board and recognition of the election of a new board as lawful– Annulment of the decision to terminate an association’s activities after regularizing the board composition ENERGY – The Cabinet of Ministers (CM) supports the developed support program for strengthening energy infrastructure– The Cabinet of
Legislative Review May 1 – May 7, 2026 Lasīt vairāk »
Latvian transfer pricing regulations stipulate that transactions between related parties, regardless of their country of residence, must comply with the arm’s length principle, ensuring the same economic result as in comparable transactions with unrelated parties. Although this principle is well-known in the business environment, consistent compliance in practice is often hindered by objective circumstances—unavailability of
Transfer Pricing Adjustments: What You Need to Know in the Context of 2026 Lasīt vairāk »
