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I must confess that last year I implemented some of Shaun’s pricing methods and it really works well, in the sense that this way we achieve better what the client really wants. I love what Shaun wrote on LinkedIn – the billable h is actively damaging the law (tax, marketing, etc) firm profitability, their people, and their […]
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Legal assistant Eliza Belova compiled the material. Defence Regulation (EU) 2025/2643 establishing the European Defence Industry Programme and a framework of measures to ensure the timely availability and supply of defence products (‘EDIP Regulation’) Published: 29 December 2025 The Official Journal has published Regulation (EU) 2025/2643 of the European Parliament and of the Council of […]
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CBAM = carbon border adjustment mechanism. This is a new CBAM payment for imports of certain goods (over 50t/y) to ensure that it is not more cost-effective to produce goods outside the EU in terms of CO2. From 2024 I already wrote about CBAM in 2024, when the relevant EU regulation came into force. The main categories of goods […]
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Sorainen has also published a summary of tax news for 2026, which came into force on January 1, 2026. What seems to be the most important in the December 2025 Tax News? Legislation Amendments to Cabinet Regulation No. 899 “Procedures for the Application of the Provisions of the Law on Personal Income Tax“ clarify the following […]
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Starting with the 2025 tax year, companies in Latvia will no longer be required to submit transfer pricing documentation (Local File, Master File) to the tax authority on an annual basis. This comes with a “but” – a new transfer pricing disclosure form will be introduced. No mandatory submission as of FY2025 Since 2018, Latvia […]
