News

The OSS scheme ("One Stop Shop") is a voluntary simplified VAT scheme that serves as an alternative to registering for VAT in every EU Member State where the company's end-consumers are located, when the company engages in distance sales or provides services to end-consumers in other Member States.

Many companies entering new markets focus on gross or net salary expectations when planning expansion. However, the final cost of employing someone can differ dramatically once taxes, social contributions and mandatory employer obligations are included.

The global business landscape now welcomes companies of every size to expand internationally. Today, it's not just large corporations that can enter foreign markets, small and medium-sized businesses are also seizing opportunities abroad to attract new clients, reduce potential risks and support steady growth. With careful planning, expanding into another country can help boost revenue and enhance a company’s worldwide reputation.

According to the Estonian income tax legislation, the fringe benefit taxation applies to loans granted below the fair market value interest rate to the employee or member of the board or council, except if the interest at the moment of the payment of interest is at least twofold of the interest rate of the European Central Bank applicable to the main refinancing operations. From 1 July 2026, the referred twofold amount of interest rate has increased from 4,3% to 4,8%.

On 20 May 2026, the Estonian Parliament approved amendments to the Social Tax Act and other related laws, which will be effective from 1 January 2027. The most significant tax changes are related to the purchase of service from another individuals, certain short-term work periods of non-resident in Estonia and tax obligations of the person who ordered the sub-contract.

Across Europe, countries are preparing for new pay transparency rules, but not all of them are at the same stage. Our overview looks at developments in Bulgaria, Cyprus, Czech Republic, Estonia, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Slovakia and Spain, highlighting how uneven the current level of readiness still is. The varying pace of implementation and different national approaches mean that employers expanding into multiple European markets must stay agile and informed. Understanding these discrepancies will help your company anticipate compliance challenges, plan for reporting obligations and avoid costly penalties.

As spring arrives, the pace tends to soften a little. With public holidays coming up and teams taking a short pause to enjoy spring holidays, Numeri office hours will shift slightly over the next days.

In the world of financial and accounting services, trust is the most important currency. Numeri aims to be a highly valued partner in the financial sector, offering services that are not only high-quality but also responsible and transparent. Preventing money laundering and terrorist financing, as well as conducting thorough risk assessment and mitigation, are therefore integral parts of our daily work. To keep pace with regulatory developments and further strengthen our internal processes, we partnered with Complok, whose up to date risk assessment platform supports us perfectly.

If the question how to develop employees' digital skills without significantly increasing training budgets resurfaces in your company from time to time, one practical solution is state‑funded digital skills training, available through Latvia's STARS skills management platform. This opportunity is relevant not only for individuals, but also for employers who want to systematically develop their teams' competencies.

Scaling a new-ish company often comes down to making the right moves with limited time and budget - investing in the essentials, validating your value proposition and growing without overstretching cash flow. At this stage, business incubation support in Latvia can become a valuable springboard for growth. Through this state-supported LIAA programme, entrepreneurs gain access not only to funding, but also to practical knowledge, mentoring and a strong business ecosystem across Latvia.

Over the past year, Numeri Latvia has devoted special attention to technological solutions that reduce manual work for both the client and the accountant, making collaboration faster, more transparent and more secure. A significant role in this process has been played by the partnership with MONEO Latvia and their powerful solution MONEO GO, which has now become a practical everyday work tool, changing the cooperation model between the accountant and the entrepreneur. Read how Jeļena, Numeri Senior Accountant, successfully helped implement the solution for our client - the Pharmacists' Society of Latvia - and what the client's experience has been working with the platform.

On 19 February, the MONEYVAL sixth round mutual evaluation report on Latvia was published confirming that the country’s system has been significantly strengthened which is especially important in the context of reputation, the investment environment and the stability of the financial sector. However, the report is equally important for both local entrepreneurs who operate as subjects of the AML law and others.