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26.11.2013
Lithuanian Seimas enacts amendments to Personal income tax (PIT) law.
Among the welcome improvements is lowering of PIT for most common transactions. Since 2014, dividends and royalties to management and...
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21.11.2013
In addition of being a member of WTO, EU, NATO, EMU and OECD, one of the reasons why Estonia has been successful in having steady economic growth despite the financial crisis - with a favorable expectation for...
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13.11.2013
The Estonian Ministry of Finance has been initiated draft Value-Added Tax Act. Planned changes foresee that upon purchase or use under an operational lease for...
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11.11.2013
The Estonian Ministry of Finance has initiated draft Income Tax Act and Value-Added Tax Act that will considerably change taxation...
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28.10.2013
On November 6, 2013 in Saeima in the second reading shall be considered Draft law on Amendments to the Micro-enterprise Tax Law.
Amendments establish that...
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18.10.2013
CORPORATE INCOME TAX IN LATVIA
Taxpayers
Corporate income tax is paid by:
domestic companies...
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08.10.2013
Because of the free movement of labour, goods and services tax information is needed around the European Union. As European Union does not have a uniform...
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13.09.2013
Latviais replacing its currency, thelats, with theeuroon 1 January 2014.
The conversion rate is set at 0.702804 Latvian lats to one euro, which...
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09.09.2013
Lithuanian High Court adopted a decision in favor of non-professional investor in 2013 June, which is a precedent for other...
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29.08.2013
Tax system of Estonia consists of national taxes and local taxes. National taxes are income tax, social tax, land tax etc.
According to Estonian Income Tax Act income tax is paid by natural persons and non-resident legal persons who get...
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29.07.2013
On July 25, 2013 in the meeting of Secretaries of the State were announced amendments to the Personal Income Tax Law.
The Ministry of Finance informed that the amendments exclude from the...
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26.07.2013
A number of EU Member States, including Latvia, have agreed within the EU VAT forum to commence a test case process for private VAT rulings relating to cross...
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17.07.2013
Meeting the Czech ambassador in Riga concerning business development of clients in the Valters Gencs Law Firm was a...
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02.07.2013
A recent ruling of the Supreme Court of Estonia concerns liability of management board members. In order to become liable, a management board member...
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21.06.2013
Estonian Tax and Customs authorities are entitled to deliver documents electronically to the taxpayers as well as, on their own initiative, to...
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14.06.2013
On may 14th, the 27 Ministers of Economy of the Member States of the European Union, were gathered in Brussels in the Ecofin Meeting.
On the agenda of the meeting, one point has been the...
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07.06.2013
Lithuanian law on tax administration introduced a new requirement which is significant to investors doing Business in Lithuania. Article 421of law on tax...
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23.04.2013
Personal Income Tax Rates in Baltics
Country
Social Tax- employee share
Social Tax- employer share
Personal Income...
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04.12.2013
Tikai cietušo esamība uz brīdi ir veicinājusi publiskas diskusijas par būvniecības procesiem, par būvniecību regulējošo likumu piemērošanu un...
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15.11.2013
Latvia: Amendments to Labour Law
On October 3, 2013 Saeima in the first reading reviewed and accepted amendments to Latvian Labour Law, what anticipate to establish new liabilities, responsibilities and rights for...
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12.11.2013
President of Latvia Andris Berzins on November 9, 2013 has returned the...
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06.11.2013
Even if national legislation regulates the mergers in the major cases, the EU legislation has its own laws regulating the mergers done in EU-region. One...
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01.11.2013
On October 31, 2013 Latvian Saeima passed amendments to the Immigration Law.
The law provides that a third-country citizen may apply for Latvia's temporary residence...
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15.10.2013
In Estonia the divorce can be retrieved in three different places: in Vital Statistics Office, in Notary’s office and in court.
In Notary’s office and Vital Statistics office divorce can be retrieved in the case of common...
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04.10.2013
Supreme Court Senate, in case Nr.SKA-358/2013, due to Swedish company “Snickers Workwear AB” claim against the State Revenue Service of...
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30.09.2013
This summer Gencs Valters Law Firm hosted two Czech students from Charles University in Prague and a...
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20.09.2013
Recently European Court of Justice clarified some legislation connected to trademarks.[1]
First as the court has concluded that one of conditions - ‘genuine use’, may be fulfilled where a...
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10.09.2013
Snoras creditors attempt to raise their chances on retrieving bigger portion of their assets held in Snoras brought bitter results. After appealing the confirmed Snoras creditors listing, creditors issued...
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10.07.2013
On 1st of July Lithuania introduced court e-services portal <https://e.teismas.lt/ > and joined other European countries in development of the online governmental services. Here citizens...
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28.06.2013
1 Framework in Latvia
1.1 When did Latvia first liberalise telecommunications networks and/or services?
The liberalisation of Latvia's telecommunications networks services started in 2003,...
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17.06.2013
Minimum share capital
The minimum share capital required to establish a limited liability...
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04.06.2013
The vessel might be registered under the Latvian flag if the owner of the vessel is the company registered in Latvia,(or the individual with Latvian citizenship or permanent residenceship). Therefore at...
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30.05.2013
The Gencs Valters Law Firm provides representation before the European Patent Office (EPO) in Munich (Germany) for European patent registrations as...
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22.05.2013
The most common form of a business presence in Latvia is a limited liability company [SIA].
The minimum share capital required to establish a limited liability company is 2000 LVL (~2857 EUR) or, if a micro...
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16.05.2013
European Union citizens
EU citizens have the right to stay in Latvia on the basis of a valid travel document for the period of up to 3 months within half a year counting from the...
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14.05.2013
On May 9, 2013 the parliament of Latvia the final reading adopted amendments to the Citizenship Law that recognize dual citizenship.
According to...
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21.03.2013
We provide representation before the European Patent Office (EPO) in Munich (Germany) for European patent registrations as well as before the...
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19.09.2013
Lithuanian High Court in June, 2013 adjudicated in favor of non-professional investor and set the...
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05.09.2013
In 2013 august it was indicated the administrator of BAB Ūkio...
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30.08.2013
Four months ahead of its planned euro-zone entry, Latvian lawmakers are debating whether to roll up a special welcome laid out three years ago for deep-pocketed investors from outside the European...
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02.08.2013
Euro-zone business activity expanded in July for the first time in 18 months showing recent evidence that the region's economy is finally stabilizing after a recession that began in late 2011. The release of...
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22.07.2013
Our law firm in Latvia was established in 2000...
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10.05.2013
Gencs Valters Law Firm is a pan-Baltic law firm established in 2000 in Latvia (Riga),...
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09.05.2013
Gencs Valters Law Firm supports National Day of Sweden Celebration in Latvia
a National Day Concert will take place in Latvian Society...
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07.05.2013
On May 17 Gencs Valters Law Firm's Estonian...
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25.04.2013
From the beginning of 2013, German firms have been acting in very optimistic way int the Baltic markets. Positive future prospects attract companies and the possibilities the Baltic States...
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22.04.2013
It has been noted at the international level that Baltic economies are growing. SEB pointed this out at its Eastern European Outlook document and European Commission has...
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08.03.2013
Our firm‘s Lithuanian attorney at law Ilona Andriušienė participated in the Annual General Meeting of the Swedish Chamber of...
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27.02.2013
Latvia became the European Union Member State on May 1, 2004. The Treaty of Accession envisaged that Latvia shall have to introduce...
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18.02.2013
Our Law Firm kindly welcomes foreign interns, especially from ERASMUS to join our team and to bring a variety of...
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04.04.2011
Expatriate Tax Planning
Very welcome to join for an...
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15.10.2010
Gencs Valters Law Firm partnered with the Estonian Swedish Chamber of Commerce (ESCC), the Swedish Chamber...
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