CIT

22.11.2019

New rules on debt assignment (1/47/19)
Tax CIT
We have informed our MindLink subscribers about proposals for amending the Corporate Income Tax (CIT) Act. This article explores the proposed new rules for assigning receivables.
15.11.2019

Paying dividends in 2019: aspects to consider (1/46/19)
Tax CIT PIT
Under the transition rules of the Personal Income Tax (PIT) Act, 2019 is the last year in which dividends an individual receives out of profits arising before 2018 qualify for a reduced rate of PIT. This article explores some aspects to consider where a Latvian company pays dividends to individuals in 2019.
12.11.2019

Paying dividends in 2019: aspects to consider 1/46/19
Free access Tax CIT PIT

Under the transition rules of the Personal Income Tax (PIT) Act, 2019 is the last year in which dividends an individual receives out of profits arising before 2018 qualify for a reduced rate of PIT. This article explores some aspects to consider where a Latvian company pays dividends to individuals in 2019.
07.11.2019

Tax developments in Estonia (3/45/19)
Tax CIT
This article highlights two important pending changes to Estonian tax laws.
02.11.2019

Economic substance (3/44/19)
Legal Tax CIT
To fight fraud and tax avoidance at national and international level, EU authorities are drawing up appropriate rules and explaining relevant concepts. Recent years have seen member states passing anti-avoidance rules into their national legislation and double tax treaties according to OECD guidelines. These circumstances emphasise the need to assess the commercial content and business purpose of transactions carried out by multinational enterprises. Economic substance is a key criterion we should assess to determine whether a company’s profit is taxed where it is really earned and whether there is any tax avoidance. This article explores the concept of economic substance.
25.10.2019

Can access to foreign warehouse create permanent establishment? (3/43/19)
Tax CIT
Companies are increasingly expanding their operations around the world by hiring staff to research the local market, negotiate contracts and prices with local customers, and conduct marketing and other activities that promote the company’s business. It is important to find out whether those activities are likely to create a permanent establishment (PE) in the country where they are carried out. This article explores recent changes to the interpretation of law that will affect future PE risk when it comes to assessing the availability of a company’s warehouse abroad.
04.10.2019

Intragroup loan: tax authority’s ruling confirms cases where retained earnings do not need reducing (2/40/19)
Tax CIT
After the corporate income tax (CIT) reform, loans to related parties may be taxable, raising the question of whether a loan can be made with no CIT implications. This article looks at a new ruling published by the State Revenue Service (SRS) explaining how to apply statutory exclusions.
26.09.2019

CIT Act to be amended: permanent establishment (2/39/19)
Tax CIT
We have informed our MindLink.lv subscribers about proposals for amending the Corporate Income Tax (CIT) Act. This article explores only proposals relating to a permanent establishment (PE).
29.08.2019

Amendments to Corporate Income Tax Act: donations (3/35/19)
Tax CIT
From 1 January 2018, the CIT Act gives a number of reliefs to businesses that have donated to public benefit organisations, state-funded institutions, or state-owned companies performing national culture functions delegated by the Ministry of Culture. We have written earlier about the new rules for donations and their application. Amendments to the CIT Act effective from 1 July 2019 lay down favourable rules for donors, which we hope will favourably affect donees.
29.08.2019

Corporate tax amendments to neutralise hybrid mismatches (2/35/19)
Tax CIT
We have written earlier about proposals for amending the Corporate Income Tax (CIT) Act. This article explores amendments dealing with hybrid mismatches and ways of neutralising them in CIT treatment.
16.08.2019

Corporate Income Tax Act to be amended (2) (2/33/19)
Tax CIT
This article completes what we wrote last week about proposals for amending the CIT Act.
09.08.2019

CIT and VAT treatment of executive luxury vehicle lent for use (3/32/19)
Tax CIT VAT
The State Revenue Service has published an advance tax ruling (ATR) on the CIT and VAT treatment of an executive luxury vehicle (ELV) lent for use. This article explores the ATR conclusions.
09.08.2019

Corporate Income Tax Act to be amended (1) (1/32/19)
Tax CIT
In late June 2019 the Meeting of State Secretaries debated proposals for amending the Corporate Income Tax (CIT) Act. We will be commenting about the proposed amendments in two articles.
19.07.2019

Cash pool: from A to Z (2) (1/29/19)
Tax CIT
This article picks up where we left off on the subject of cash pools and explores whether taking part in a cash pool creates a taxable item.
11.07.2019

Fellow subsidiaries as related parties in transfer pricing (2/28/19)
Tax CIT Transfer pricing
Some of the substantial changes made to Latvia’s transfer pricing (TP) rules effective from 1 January 2018 prescribe how corporate income tax (CIT) payers should identify related parties before reporting and analysing their mutual transactions in their TP documentation. This article explores whether fellow subsidiaries are treated as related parties and offers a practical example of identifying this status.
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09.05.2025

Closure of PricewaterhouseCoopers tax and business portal MindLink.lv

We would like to inform you that on July 1, 2025, we will cease operations of the portal.   

The last MindLink.lv Flash News will be published on June 17, 2025. The archive of published content will be available until the portal is completely closed.   

Subscribers will be contacted individually. 

Thank you for choosing MindLink.lv as your trusted e-consultant! 

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.
See all PwC publications