Microbusiness

22.11.2023

Transition period for royalty tax scheme to be extended 2/47/23
Microbusiness Tax PIT

The autumn months have been prolific with tax changes, yet some of the tax aspects, including temporary ones, might remain unchanged. The Finance Ministry has proposed many amendments to the Personal Income Tax (PIT) Act, including an extension of the special tax scheme for royalty recipients who are not registered as economic operators. This article explores the proposed extension of the transitional royalty scheme and how this will affect its users.
16.08.2022

Aid for businesses to mitigate consequences of war 2/33/22
Free access Business Microbusiness Tax Covid-19

Russia’s military aggression has significantly affected some of the businesses importing metal products from Russia and Belarus, as well as industries such as metalworking, defence, construction, mechanical engineering, and information & communication technologies. To promote market stability, the Ministry of Economics intends to implement aid measures as an immediate solution in the form of financial instruments to ensure traders’ future business.
16.03.2021

Amendments to Microbusiness Tax Act 1/11/21
Microbusiness Tax

This article summarises changes to the microbusiness tax (“MBT”) rules effective from 1 January 2021 and outlines amendments coming into force gradually during 2021.
13.04.2017

How far we are from tax reform (3/15/17)
Microbusiness Tax CIT PIT
The government plans to launch a new tax reform have recently caused heated controversy, given the proposal to zero-rate retained earnings for corporate income tax (CIT) purposes, following the Estonian model. Although the bill is still being drafted, the opinions expressed by the institutions involved in formulating tax strategy make it clear that the reform will affect not only certain classes of subjects of law or types of companies, but every taxpayer. Given the rapid pace of change, this series of articles will explore the progress in drafting and debating the proposed amendments, with examples to illustrate how particular changes to the tax regime might affect the overall tax burden in the long-term, as well as sharing our views on things to consider in planning corporate tax policy. The new tax regime is to apply from 1 January 2018.

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21.06.2023

What should you think about if you want to move to Latvia?

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.
17.03.2023

Nasdaq welcomes PwC as a certified adviser on First North

“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.
07.03.2023

ESG reporting news - podcast 30 min (in Latvian)

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.
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