The next year will bring us new VAT system changes all over the EU Large-scale draft amendments to the VAT Law have started their course towards adoption in Latvia. The amendments are related to stricter regulation of third-country e-commerce. The European Commission has just suggested postponing implementation of the draft in the EU from the […]
In Lithuania the quarantine regime continues to be relaxed gradually. We have prepared an overview of the most recent changes to quarantine restrictions. Trade, services and events Activities of all shops, markets and other public trading places are now permitted, provided that each buyer occupies at least 10 m2 of retail space or no more […]
Tax cost – as with any other cost – is something one wants to cut down during hard times. Sometimes, resources can be allocated to places where avoidable costs are the highest. Please see below our brief comparison of tax liability-related costs in the Baltics and Belarus. This reflects the current state of the law […]
Many companies will likely be forced to deal with debts and liquidity issues – one must act smart and promptly to keep the problems from snowballing. Advice to creditors: Stop the snowballing effect! Set the credit limit and ask for advance payments First, take a good look at the credit limits you have set for your […]
An Estonian company’s management board must notify the Commercial Register of its ultimate beneficial owners (UBOs) within 30 days of any change and every time they submit an annual report. UBOs can be declared either through a notary or by the management board members themselves via electronic company portal. Failure to do so may carry […]
