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Article Payrolls and Mobility Other industries
Latvia Prepares for EU Pay Transparency Directive
The EU Pay Transparency Directive will be implemented across Europe by 7 June 2026. It is intended to make pay transparency the norm in order to highlight pay inequality and the reasons for this. As this directive is EU legislation, all member states are required to transpose it into their national law. Any business with more than 100 employees based in an EU member state will then need to comply with the legislation and reporting requirements for that country.
Ivo Rudzītis May 12, 2026
390 PEOPLE
Article Advisory Other industries
AI and the economy: the great divider
Artificial intelligence is not just another productivity tool quietly improving efficiency. It is a dividing force—one that will reshape economic outcomes by accelerating disruption and redistributing power across firms, workers, and nations. Read more in our Baker Tilly International partner's latest insight by Emeritus Professor of Global Economy at Cranfield School of Management, Joe Nellis CBE.
Joe Nellis Apr 28, 2026
AI and the economy
Article Advisory Other industries
AI, job displacement and the case for a new social contract
A recent study by US investment bank Morgan Stanley found that job losses in the UK due to artificial intelligence (AI) are twice the global average, with British companies shedding around 8% of roles over the past year. Among the five major economies surveyed – Australia, Germany, Japan, the UK and the US – the US was the only country to see a net gain in AI-driven employment. Read more in a recent article by Baker Tilly International partners.
Mar 7, 2026
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Transactions Other industries
Major amendments to Transfer Pricing Legislation - Applicable for 2025 reporting
At the end of 2025, amendments to the Law “On Taxes and Fees” (section 15.2) significantly changed the transfer pricing landscape in Latvia. The objective of these amendments is, as of 1 January 2026, to modernize the transfer pricing compliance and audit process by reducing the administrative burden on taxpayers and increasing the efficiency of the State Revenue Service (SRS) (increasing taxpayer risks).
Reinis Ceplis Jan 15, 2026
21 PS
Article Advisory Other industries
M&A Market update: European outlook for 2025
The merger and acquisition (M&A) landscape across Europe has continued to transform, shaped by changing macroeconomic conditions, the rise of technology, and the ongoing impact of Private Equity (PE) capital deployment. Whilst larger deals remain more sensitive to global uncertainty and interest rates, the small and mid-cap market continues to show resilience and robust activity. Read our colleagues' latest insights article on the real sentiment of M&A across Europe.
Dec 10, 2025
MA Market update
Article Advisory Other industries
Signs indicating a company's financial difficulties and risk of insolvency
Early warning signs can save a business from dealing with partners on the brink of insolvency. As a financial advisor, I often see signs that are ignored or not easily noticeable. The goal of this article is to summarize the main financial, behavioral, and industry signals and action options.
Reinis Ceplis Nov 5, 2025
24 PS
Article Accounting Other industries
The role of the CFO in Latvian companies – a necessity or a luxury?
The position of CFO is relatively expensive in Latvian conditions, however, without a CFO it is difficult to create budgets, plan investments, and attract financing, as well as ensure the development and implementation of the company's strategy, including capital appreciation. What are the available economic solutions and what are the advantages of outsourcing the CFO (so-called "fractional CFO"), read in the latest article by Reinis Ceplis, partner at Baker Tilly Baltics AS.
Reinis Ceplis Oct 1, 2025
271 PEOPLE
Article Tax and Legal Other industries
One representational item - different taxes
In this article, Baker Tilly Baltics leading tax advisory expert, Anna Vilka, analyzes the difference between using an item for advertising purposes and presenting it independently as part of a representational event.
Anna Vilka Jul 28, 2025
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Article Advisory Other industries
Demand response and the future of utilities
The energy and utility sector is undergoing a transformation as technological advancements and market forces reshape infrastructure investment and grid management strategies. As utilities navigate this evolving landscape, strategic planning is more critical than ever to invest in energy infrastructure that is modernized, flexible and resilient. Read more in our international network partners' article!
Jul 11, 2025
Demand response and the future of utilities
Article Advisory Other industries
The EU AI Act: Transforming Financial and Managerial Accounting
The European Union’s Artificial Intelligence Act is reshaping how financial and managerial accounting functions operate across Europe and beyond. As AI becomes integral to accounting, audit, and financial services, the Act introduces a rigorous, risk-based framework to ensure the transparent and accountable use of AI. This directly impacts financial data, risk, and compliance management. To learn more about these developments, read our latest insight by Baker Tilly Baltics partner Reinis Ceplis.
Reinis Ceplis Jun 27, 2025
Regulatory Environment
Article Accounting Other industries
Four ways automation boosts SaaS finance performance
The SaaS CFO’s 6th Annual Finance Tech Stack Report is here and reinforces an unpleasant reality: spreadsheets continue to dominate essential finance functions - despite the widespread availability of advanced financial tools, many finance teams still rely heavily on Excel sheets for their day-to-day operations. Read more in the article by our partners from Baker Tilly International network.
May 27, 2025
Automation
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