Tax resident status prescribes a personal income tax (PIT) liability on your worldwide income in your tax residence country. You should carefully assess your tax resident status to avoid potential double taxation, if the tax authorities of two countries treat you as their tax resident.
“By working closely with multiple executives and shareholders of both private and State-owned corporates, we have observed an increasing interest about the capital markets. Business leaders have become more ambitious and better aware of the myriad of benefits from attracting capital via the exchange. At PwC, we are confident that First North Certified Adviser status will allow us to provide a more diversified advice for our clients in the Baltic region and help navigate them in the journey of an intensified capital market activity,” highlights Raimonds Dauksts, Head of Advisory at PwC Latvia.
First North is a growth market designed for ambitious small and medium-sized companies in the Baltics. Being a Certified Adviser permits PwC to guide growth companies in Baltics through the Firth North application process and ensure they meet all the market’s requirements on a continuous basis.
Eiropas Parlaments pagājušā gada novembrī oficiāli apstiprināja Korporatīvās ilgtspējas ziņošanas direktīvu jeb CSRD (Corporate Sustainability Reporting Directive). Šobrīd Eiropas Savienības dalībvalstu, t.sk. Latvijas, rīcībā ir 18 mēneši, lai šo direktīvu pārņemtu savos tiesību aktos. Šādi iecerēts uzlabot pieejamās nefinanšu informācijas kvalitāti, nodrošinot uzņēmumu dažādo ietekmes pušu vajadzības un veicināt kopējo Eiropas pāreju uz ilgtspējīgāku ekonomiku.
Šajā PwC Nodokļu podkāsta epizodē PwC Latvija ilgtspējas pakalpojumu vadītāja Maija Orbidāne skaidro, kādas ir šīs direktīvas prasības, kā tas ietekmēs uzņēmējus Latvijā un kādi ir laicīgi veicamie mājasdarbi šajā sakarā.
Grāmatvedības vai jebkuru citu pienākumu veikšanā, kur datu apstrāde aizņem daudz laika vai kur regulāri jāveic atkārtotas vai līdzīgas darbības un procesi, ir svarīgi, lai uzdevumu veikšanai būtu pieejami ērti un viegli izmantojami rīki. Tādēļ lietotāji meklē iespēju iegūt, apvienot un analizēt datus gan no dažādiem ārējiem datu avotiem, gan no datnēm, kas saglabātas uz datora, lai pēc iespējas mazinātu manuālu darbu.
Aicinām apmeklēt PwC's Digital Academy un apgūt ērtus risinājumus darba produktivitātes veicināšanai.
When starting a new business, it can be a challenging task to establish a sustainable financial infrastructure from the very beginning. For the investors focusing on start-ups, one of the most difficult tasks is determining how to price the investment.
E-commerce businesses making cross-border supplies of goods and services to consumers in the EU as well as electronic interfaces facilitating those supplies are advised to evaluate how the expected VAT changes affect their VAT registration and compliance requirements.
The new rules are rather complex and require a detailed analysis to assess their impact and conditions for implementing them. We have put together the most critical changes affecting a number of e-commerce businesses.
Effective as of 1 July 2021.
If a stock option awarded to an employee does not meet the criteria for the tax favoured treatment and is consequently taxable at vesting, the Latvian employer is liable to report the award for personal income tax (PIT) and national social insurance contributions (NSIC) purposes and ensure taxes are paid.
The COVID-19 pandemic continues to present significant challenges around the globe and the disruption continues to evolve. Now’s the time for organisations to rethink and reconfigure their strategies, focusing efforts on supporting key areas of their businesses in a new environment.
Explore the latest tax and legal updates by territory.
PwC specialists share their experience on topical tax issues.
PwC offers a brief video on the impact of COVID-19 on Transfer Pricing in Central and Eastern Europe.
The annual survey of Baltic business leaders examines the mood and opinion of entrepreneurs about business challenges and development perspectives. In addition to the questions asked in the global survey, we asked the managers of the Baltic companies to answer some questions about the aspects of the local economy.
For an ever-decreasing number of businesses, financial return remains the top priority. For others, whether driven by investor demand, regulation or the desire to enhance societal value, there is now an expectation that organisations make environmental, social and governance (ESG) issues and sustainability integral to their corporate strategy, philosophy and reporting. Where does your business lie on the spectrum?
PwC provides general information about –
1. why tax resident status is important and how it is determined;
2. when you are liable to file a Latvian annual income tax return and when you can do so voluntarily;
3. social security arrangements.
In the run-up to the 20th anniversary of MindLink.lv, PwC’s business and tax portal, we are happy to offer you a tour of our portal, which has not only changed its visual identity but offers plenty of new opportunities and resources that can benefit its users every day!
After the end of the Brexit transition period, ie as early as 1 January 2021, the company will have to implement its strategy in all business areas where there is a risk of disruption: supply chain, finance, taxation, compliance and governance, IT, legal and other activities.
While the lawmaker is in the process of revising the Taxes and Duties Act, adding new terminology to describe related parties and their mutual transactions, and contemplating the materiality threshold for a single controlled transaction or a category of controlled transactions that will determine whether related parties will have to file the master file and/or the local file of their transfer pricing (TP) documentation, it is already clear what TP methods taxpayers will be allowed to select for deciding whether the terms of their related-party transactions meet the arm’s length standard. This article explores the TP methods described by the Cabinet of Ministers’ Regulation No. 677 of 14 November 2017, Application of Provisions of the Corporate Income Tax Act (effective from 1 January 2018) as well as their selection and application.