Income tax return form and completion procedures to be amended (1/3/20) (0)

17.01.2020

Draft

Proposals for amending the Cabinet of Ministers’ Rule No. 662 on personal income tax (PIT) returns and completion procedures were announced at the meeting of state secretaries on 5 December 2019. The proposals have been put together to align the income tax return form with recent amendments to the PIT Act and to make it easier to complete for traders. Read more..

Dividends: income tax treatment and reporting (2/3/20) (0)

17.01.2020

Practice

We have informed our MindLink.lv subscribers that the period of transition prescribed by paragraph 130 of the transitional provisions of the Personal Income Tax (PIT) Act for charging a 10% PIT on dividends received in 2018 and 2019 out of profits made before 2018 expired on 1 January 2020. This article explores the PIT treatment and reporting of dividends after 2019. Read more..

Monitoring use of email and Internet and recording conversations (3/3/20) (0)

17.01.2020

Practice

The use of information technology at work is becoming increasingly common. For example, there are profilers that, for the purpose of setting the amount of a performance bonus, monitor how much time staff spend on the computer and particular applications, or assess Internet addresses they visit during working hours. Likewise, employers often monitor the use of email and the Internet or record staff conversations to monitor their daily routine and productivity. This article explores cases where this is permitted and where such monitoring or its extent infringes on staff privacy. Read more..

Amendments to Rule 969 on business trip expenses (2/2/20) (0)

10.01.2020

Passed

We have informed our MindLink.lv subscribers about proposals for amending the Cabinet of Ministers’ Rule No. 969, Procedures for reimbursing expenses associated with business trips. The amendments came into force on 19 November 2019. In this article we have put together what we see as key changes. Read more..

Handy hints for payroll accountants: national insurance and income tax (3/2/20) (0)

10.01.2020

Practice

This article summarises the provisions of tax laws and other legislation affecting the calculation of personal income tax (PIT), national social insurance (NSI) contributions and solidarity tax on wages and salaries in 2020. Read more..