Transparency report 2017

29 December 2017
Merhels has issued its Transparency Report for 2017. Transparency report is a public statement of our commitment to provide quality audit services. It briefly describes how we run the firm, perceive and perform audits.

Click here to access the report.

‘Acquisition International’ Finance Awards 2017

27 September 2017
On 26 September 2017 ‘Acquisition International’ (AI) has announced Merhels as the winner of the award ‘Best Accountancy Firm 2017 - Latvia’. 

Tax reform 2018 - snapshot

18 September 2017
The Government in August 2017 approved changes to the Latvian income tax system to stimulate reinvestment of profits and implement progressiveness in taxation of personal income. Estonian corporate income tax system has been the source of inspiration when it comes to overhaul of Latvian corporate income tax system. Implementation of progressiveness of taxation of personal income has been long discussed. Government hopes that the new system will help combating the grey economy and will be fairer.

Doing Business in Latvia - snapshot

28 July 2017
Merhels has issued its Doing Business in Latvia guide in the form of a snapshot. It contains only high-level considerations summarised on one page. The guide has been prepared for the assistance of those interested in doing business in Latvia. As a snapshot, it does not cover any of the subject in detail and is intended only to give the first feel about Latvia. The snapshot includes legislation in force as of 30 June 2017. As a piece of warning – Latvian income tax system is subject to overhaul and hence information contained regarding income tax may very soon become obsolete.

Click here to access the report.

Examination of EU funded projects

17 July 2017
In May and June of 2017 Merhels was contracted to assist European Commission’s Directorate-General for Regional and Urban Policy in execution of their audits and controls. Our tasks included verification and analysis of final control reports put together by national audit authorities covering EU funded programmes in planning period 2007-2013 and setting-up action plan to avert identified problems.

State revenue service (SRS), already 3rd time, praises our tax payment discipline

09 May 2017
SRS regularly evaluates tax payments made by tax payers to the state budget to express gratitude to those who in a good faith comply with obligations set by tax laws and pay significant amount of tax to the budget. Merhels, third time in a row, has been praised by SRS in this regard.

Lawyer Monthly Witness Award 2017

10 March 2017
Lawyer Monthly has selected Edvards Merhels, managing partner of Merhels, for a Lawyer Monthly - Expert Witness 2017 Award in recognition of his specialized knowledge and experience within the area of strategic business consultancy.

BID Group One ISLQ Award

23 January 2017
On 12 January 2017 BID Group One (BID), whose international activity promotes Quality Culture, Innovation and Excellence, has chosen Merhels to receive the International Star for Leadership in Quality (ISLQ) Award.