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Starting from 01.07.2020 all branches and representative offices of foreign companies must file information on their beneficial owner with the Latvian Commercial Register. If a foreign company has not registered a branch or a representative office at the Latvian Commercial Register but has registered as a taxpayer with the State Revenue Service (SRS) for carrying […]
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Possibility to extend approaching deadline for filing annual reports with the State Revenue Service (SRS) The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file with the SRS an annual report ‒ approved by the shareholders’ meeting ‒ no later than one month after approval and no later than four […]
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On 20 March 2020 the Latvian parliament passed a special law on support measures related to the COVID-19 pandemic. The law enters into force retroactively, as of 12 March 2020, when a state of emergency was declared in Latvia. The law contains provisions on the following support to companies registered in Latvia: State-funded salaries to […]
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Publication / Eva Berlaus, Private: Gunvaldis Leitens
COVID-19 as force maejure aspect in contractual relations. Read more (in Latvian) here.
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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 […]
