Since announcing a state of emergency on 12 March 2020 due to COVID-19, the Latvian Government is working on measures to support affected companies. As to the latest information available, the following is under discussion: –payment of salaries to employees from the state budget: where employees cannot work (due to idle time or otherwise) as […]
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 […]
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Updated on 21 April 2020 In response to quarantine triggered by the spread of the coronavirus (COVID-19) in Lithuania and its potential impact on organising work, we have prepared this article covering key information for employers. A nationwide quarantine was announced in Lithuania, effective Monday, 16 March until 11 May 2020. We are constantly monitoring […]
Publication / Augustas Klezys, Laura Matukaitytė, Liutauras Vasiliauskas
The fast-spreading coronavirus (COVID-19) is raising many questions and concerns among financial institutions. Our international COVID-19 Task Force, including financial sector experts, is at your disposal, should you need advice in any legal issues you are facing. Below are some tips to help make decisions in a quickly changing situation. Material contracts and key business […]
