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Suspension of the management board’s obligation to file a bankruptcy application Under the Estonian COVID law the obligation of the management board to file a bankruptcy application is halted. This amendment applies to all legal and natural persons. However, an undertaking that lacks prospects of restoring and continuing its economic activities after the current emergency […]
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On 22 March 2020, the Latvian Law on the threat to the state related to the spread of COVID-19 and measures for prevention and remedying its consequences (the “Latvian Covid-19 Law”), as later amended on 3 April and 23 April 2020, came into force. Suspension of creditors’ right to file for insolvency Under the Latvian […]
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In March, the EU Court of Justice ruled that VAT exemption applies to health services provided by phone (case C 48/19). X is a private limited company incorporated under German law. In February 2014, the company provided advice over the phone on behalf of its health insurance fund regarding health issues, and implemented support programmes […]
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The current crisis presents opportunities in the field of taxation and transfer pricing. Companies need to decide how to manage their intra-group transaction and transfer pricing systems, to reduce their current tax burden by changing intercompany prices. Where we stand The pandemic forms a clear and present danger for the global economy. Business supply chains […]
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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 […]
