Expert knowledge
Accounting and tax blog
Practical tips and up-to-date information on accounting, taxes and business in Latvia — from certified specialists.
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About the Balansis Blog
The Balansis blog provides practical guidance for Latvian business owners and individuals on accounting, taxes and business management. All articles are written by certified accountants and tax consultants with hands-on experience serving Latvian companies.
Accounting
Guides on bookkeeping, annual reports, accounting software, and obligations for SIA and sole trader owners in Latvia.
Taxes
Explanations of VAT registration, personal income tax, corporate tax, VSAOI contributions, deadlines, penalties and VID requirements.
Business
Advice on company formation, UR registration, employment law and managing a business in Latvia.
Payroll & employees
Salary calculations gross and net, employer costs, minimum wage, employee taxes and payroll bookkeeping.