Latvia's tax regulations include important provisions about "presumed income" (domājamais ienākums) for board members. Here's w...
Insights
Upcoming VAT Changes in 2025
In a significant move to harmonize VAT requirements for small and medium-sized enterprises (SMEs) across the European Union, Latvia is implementing...
Key Changes in Latvian Annual Reporting Requirements
Recent amendments to the Annual Reports and Consolidated Annual Reports Law have introduced significant changes affecting companies' reporting ...
Major Changes to Latvia's Personal Income Tax System Coming in 2025
On December 11, 2024, Latvia's parliament approved significant amendments to the Personal Income Tax (PIT) Law that will take effect from Janua...
E-Invoices and Delivery Documents: What You Need to Know About the 2025 Changes
One of the most confusing aspects of the new e-invoicing requirements for accountants has been how these changes will affect delivery documents sta...
Streamlining Your Accounting with Automatic Bank Feeds
Managing your business finances can be time-consuming, but it doesn’t have to be. At our accounting services firm...
Mandatory Electronic Invoicing in Latvia from 2026: How We Help You Stay Ahead
Starting in 2026, Latvia will introduce mandatory electronic invoicing (e-i...
Business Trip vs. Work Travel compensation
When it comes to business travel, understanding the nuances of per diems and work travel regulations is crucial for both employers and employees. I...
Streamlining Document Submission for Accounting: A Guide for Confidentum Clients
Efficient document submission is crucial for smooth accounting operations. At Confidentum, we’ve implemented several methods to make this pro...
Accounting Integration for Industry-Specific Solutions
In today’s fast-paced business environment, efficiency and accuracy are paramount. One of our standout offerings is our proprietary accountin...
When to Start a Company: A Guide for Small Businesses
Starting a business is an exciting journey, filled with opportunities and challenges. For many small businesses and freelancers, navigating the dec...
Related Party Deals Under €250,000: What You Need to Know
If you're handling intercompany transactions and the value doesn't exceed €250,000, you might be wondering what kind of documentation ...
Exploring Latvia's Business-Friendly Tax System
In the world of global business, navigating tax systems can often be complex and daunting. However, Latvia has emerged as a standout destination fo...
Annual Accounts Preparation: A Comprehensive Guide for Businesses in Latvia
For businesses operating in Latvia, compliance with financial regulations is paramount. Annual accounts preparation is a cornerstone of this proces...
Spring Clean Your Business Finances: A Guide for Success
As the flowers bloom and the days grow longer, it's not just our homes that could use a little sprucing up – it's also an ideal time ...
The Critical Role of Quality Control in Accounting Services
The importance of quality control in accounting services cannot be overstated. The integrity and accuracy of accounting practices are paramount. In...