The work stoppage due to the raging pandemic in Europe has created tax risks for Baltic construction companies active abroad because their commercial revenue might be taxed there instead of their home country. Why is it important that activity on a construction site lasts less or more than 6 months? Many Baltic contractors operate on […]
In Latvia there is a general option to apply to extend the tax payment deadline up to 1 year. This week the government is also discussing additional measures for business areas affected by COVID-19 and has promised to apply all tax measures in order to help to stabilise their financial situation. Currently these measures are […]
Comparison of the main transfer pricing regulations in the Baltics and Belarus.
A new Personal Income Tax incentive in Lithuania comes into force in February 2020 to make employee stock options more attractive to use. Under the new rules, fringe benefits from share options are exempt from personal income tax if a share option is held by an employee (but not exercised) for at least 3 years […]