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What truly makes an accountant a good partner for a business? Is it knowledge, accuracy, the ability to see the bigger picture? At Numeri we believe the answer lies in the team - in people who share their experience, support one another and grow together with clients. This time Kristīne, a senior accountant at Numeri, shares her perspective. She sees every day how collaboration and team strength make Numeri the right choice.

Starting 9 October 2025, a new EU-wide banking regulation takes effect requiring financial institutions to verify that the recipient's name (or business name) matches the account number (IBAN) before executing any payment. The rule applies to all banks and payment service providers operating within the EEA.

In Latvia, significant tax changes are being prepared, which will affect both companies and their owners, natural persons. The Ministry of Finance offers a new regulation that would balance the tax burden between local and foreign investors, while at the same time ensuring additional revenues for municipalities. If everything goes according to plan, the new model will enter into force on 1 January 2026 together with the state budget.

On 24 September 2025, the Estonian Government approved the state budget for 2026. According to the proposal, the income tax rate for both individuals and companies will remain at 22% and will not be increased to 24% as prescribes the law amendment adopted by the Estonian Parliament earlier on 18 June 2025. The Government also confirmed that the general tax rate for individuals using an entrepreneur account will not increase.

Starting 1 January 2026, access to the State Revenue Service (VID) Electronic Declaration System (EDS) will only be possible using secure electronic identification tools. This change aims to strengthen data protection for both individuals and businesses in Latvia.

Tax Overview for Global Mobility is a cross-border guide addressing the tax, social security, and compliance challenges faced by employees and employers operating internationally. As part of this collaborative project, Numeri contributed the Estonian and Latvian chapter, providing expertise on tax residency and personal income tax in the regions, social security and health insurance rules for mobile workers, double taxation relief mechanisms and key compliance and reporting obligations.

Companies operating in an international business environment face constantly changing regulations, cultural differences, and economic fluctuations. This is exactly where a well-functioning supervisory board plays a key role, a strategic governance body whose importance goes far beyond oversight: it sets the vision, guides growth, and ensures long-term sustainability.

The EU and the US have agreed on a new tariff framework that aims to restore trade stability and avoid a looming escalation in duties. The deal offers predictability for businesses on both sides of the Atlantic at a time when global supply chains remain vulnerable and geopolitical tensions continue to reshape international commerce.

Scammers are becoming increasingly sophisticated and deceptive. They impersonate representatives from local eSignature companies, "Google", State Banks, State Police, State Financial institutions, or even emergency medical services with the goal of stealing personal data, gaining access to eSignature or Smart-ID, and ultimately - your money. Most people lose funds through credit transfers or card payments, and many of these transactions are approved by the victims themselves.

From 15 July to 6 August 2025, the EU has suspended retaliatory tariffs on US-made goods - originally imposed in response to US import duties on EU products. This pause is driven by renewed efforts to negotiate a trade resolution.

New guidelines from Latvia’s Financial Intelligence Unit (FID) and insights from the June 2025 FATF report highlight growing risks of indirect sanctions evasion - particularly through countries like China, Turkey, Kazakhstan, and others. These red flags aren’t just relevant to Latvian companies. The same principles apply across the Baltics, where businesses in finance, logistics, IT, and trade must remain alert to hidden end-users, suspicious trade routes, and deceptive intermediaries. FID and FATF guidelines outline practical steps for Baltic companies to assess sanctions risks and avoid becoming part of illicit networks.

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 2025, the referred twofold amount of interest rate has decreased from 6,3% to 4,3%.