Assistant lawyer Nikola Cīparsone compiled the material. Technology & intellectual property Artificial Intelligence Act: European Parliament and the Council reach provisional agreement Reached: 9 December 2023 The AI Act introduces dedicated rules for general purpose AI models that will ensure transparency along the value chain. Specific banned applications of AI are set, as well as […]
The commander of the 109th brigade of the Ukrainian army, Ruslan Trigubenko, expresses his appreciation to Sorainen partner Jānis Taukačs. Together with his Ukrainian colleague Ilya Sverdlov and the organisation Entrepreneurs for Peace, Jānis has helped with the organisation of donations and the purchase of necessary items for the brigade. You can learn more about […]
After years of cooperation, in 2019 Sorainen became a global member firm of the WTS Global – a tax professionals’ network in 100+ countries, representing Europe. Now we are happy that this cooperation has only flourished through these years and become even stronger and our tax partner Jānis Taukačs became a Member of the Supervisory […]
A large proportion of European Union (EU) countries apply a low rate of value-added tax (VAT) to food, Latvian Television reported its study results November 30. It turns out Latvia has among the highest VAT rates on food in the EU. Value-added tax in Latvia brings about 30% of the budget revenue, so it is […]
The Carbon Border Adjustment Mechanism (CBAM) is a new EU instrument aimed at reducing carbon leakage and leveling the playing field related to carbon emissions in the production of relevant goods in the EU and third countries. To whom do these requirements apply? Individuals or legal entities that import the goods listed in the annex […]