General Data Protection Regulation begins to apply on 25 May 2018 (1/20/18) (0)

16.05.2018

Passed

Enforcement of the General Data Protection Regulation (GDPR) is starting in nine days, and that’s exactly how many days are left before each company that processes personal data must implement any necessary changes to be able to perform such processing according to GDPR requirements and avoid penalties for non-compliance. As you may know, all EU regulations are directly applicable, meaning a member state is not required to pass their provisions into its national law. This article offers an overall stress test to help you assess whether your company is ready to comply with GDPR requirements. Read more..

Taxation of permanent establishments under new CIT Act (3) (2/20/18) (0)

16.05.2018

Practice

To pick up where we left off last week, this article explores how the timing of allocation is treated in Estonia and what the PE should disclose on its monthly corporate income tax (CIT) returns. Read more..

An overview of recent tax news from Estonia (3/20/18) (0)

16.05.2018

Draft

This article highlights recent proposals for amending the VAT Act and the Taxation Act expected to come into force on 1 January 2019. Read more..

Filing for insolvency after company ceases trading (1/19/18) (0)

10.05.2018

Practice

There may be circumstances in which the State Revenue Service (SRS) decides to terminate a company’s business and dismiss its board, but the company is not immediately wound up or stricken off the commercial register. This article explores whether the company’s creditors are allowed to file an insolvency petition in such circumstances. Read more..

Taxation of permanent establishments under new CIT Act (2) (2/19/18) (0)

10.05.2018

Practice

We continue our series of articles exploring the rules for taxing a permanent establishment (PE) in Latvia under the new Corporate Income Tax (CIT) Act effective from 1 January 2018. The first article described the PE’s taxable items. This article outlines some practical difficulties in timing the allocation of profit and highlights things to consider when it comes to keeping books. Read more..