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Starting this year, some important changes to the health insurance system took force, and thus those serving as management board members and working on the basis of contracts under the law of obligations (authorisation agreements, contracts for services etc) should pay attention to the issues relating to activation and suspension of health insurance coverage.

Management board member agreements and employment contracts

Are clients moving to the web, lock, stock and barrel?

Key tax changes in the Baltic states

Three possible business exit strategies

A growing trend – outsourcing payroll accounting

First anniversary of e-residency program

IBR Growth Barometer

The tourism sector is wobbling on its feet

Building tomorrow's $bn businesses

IASB releases new Standard on leases

Compared to agreements on competition restrictions, the obligation to keep business secrets has not been dealt with as widely, yet it needs significantly more coverage. In this article, the author deals with the various nuances related to business secrets, defines business secret and discusses why keeping business secrets is important for every company.

Financial year 2014 is coming to and end and it is time to start thinking about filing annual reports to the Commercial Register. Businesses should be aware that the Commercial Register is devoting increased attention to whether companies’ equity meets legislative requirements.

Maintaining proper accounting on transfer prices and documenting the reasoning for conformity to market value is in the interests of every enterprise, as it avoids tax risks. In preparing documentation, the requirements of legal acts should be considered along with the specific company’s risks and needs.

Another change has been made to the Value Added Tax Act, under which, starting 1 December of this year, only 50% of the input VAT on cars and car-related expenditures may be deducted.

Many companies in the process of preparing annual reports for the last year find themselves facing the need to recognize transactions between related parties.