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. […]
The Saeima has approved amendments to the Corporate Income Tax Law, revising the so-called “thin capitalization rules”. Latvia has thin capitalization rules (thin cap rules) in force, which must be considered when attracting financing in the form of loans, as in certain cases they limit the recognition of interest payments as deductible expenses for tax
Amended Thin Capitalization Rules Lasīt vairāk »
2025. On October 23, the European Union adopted the 19th sanctions package, which significantly expands restrictions on crypto-asset transactions and payment services. The changes affect both the financial sector and the digital asset market, making circumvention of sanctions using crypto-assets almost impossible. Below, we will examine the main aspects of the new sanctions package, its
Expanded Prohibitions and New Obligations for Crypto-Asset Service Providers Lasīt vairāk »
Every entrepreneur’s goal is to build a successful business and generate profit. A large number of entrepreneurs are focused on finding new clients, attracting additional funding, and business growth, and they lack the time or simply the desire to deal with bureaucracy and processes that do not generate profit. Such processes include checking existing or
Sanctions Guide for Entrepreneurs Lasīt vairāk »
