Legal

13.09.2019

Recording remote working hours (2) (2/37/19)
Legal Tax Employees
This article completes what we wrote last week.
06.09.2019

Recording remote working hours (3/36/19)
Legal Tax Employees
Remote work is becoming increasingly popular as it allows workers to better plan their time and combine a career with a family life. Although working from home might seem to mean that employees are free to arrange and plan their work as long as they do what is required and work the hours prescribed by their employment contract, it is important to remember that the working time rules of the Latvian Labour Code still apply.
02.08.2019

Cash pool: statutory aspects (2) (3/31/19)
Legal Tax
This article completes what we wrote last week.
26.07.2019

Cross-border business: any threat of cross-border insolvency? (2) (3/30/19)
Legal Tax
This article completes what we wrote last week.
26.07.2019

Cash pool: statutory aspects (1) (2/30/19)
Legal Tax
Credit institutions operating in Latvia offer their customers an opportunity to take part in cash pools, but the process of setting up and maintaining a cash pool involves some tax and legal risks, as well as raising many questions, which may deter persons from cutting their costs and managing their cash efficiently. This instalment in our series of articles analyses the legal risks and implications of a cash pool. Some of the aspects of setting up and managing a cash pool will depend on whether it is intragroup or combines funds of unrelated parties. This article explores the two types of cash pooling and their legal implications.
19.07.2019

Cross-border business: any threat of cross-border insolvency? (1) (2/29/19)
Legal Tax
EU registered companies are increasingly doing business across the EU by setting up branches, subsidiaries, or permanent establishments. Cross-border business is an outcome of the free market economy that favourably affects society, including corporate competitiveness, employment, innovation, and overall economic growth. However, if a company’s financial indicators suggest any financial difficulties, then it should consider insolvency proceedings. An insolvent cross-border company has a number of questions including which court has jurisdiction to hear an insolvency petition and which national law will govern it. This article explores key aspects of starting cross-border insolvency proceedings.
11.07.2019

Anti Money Laundering and Counter Terrorism Financing Act amended (3/28/19)
Legal Tax AML

29 June 2019 is the effective date of amendments to the Anti Money Laundering and Counter Terrorism Financing Act supported by Parliament in their third reading on 13 May. The Act has been renamed the Anti Money Laundering and Counter Terrorism and Proliferation Financing Act.
07.06.2019

Taxpayer’s explanations during audit (1/23/19)
Legal Tax
Explanations given by a taxpayer facing a tax audit become an important source of information. We have seen some typical mistakes a person makes in giving explanations to the tax authority. Mistakes are often made through lack of understanding or knowledge of the procedures. This article explores some of the aspects to consider in communicating with the tax authority during an audit.
03.05.2019

Advance tax ruling from State Revenue Service (2/18/19)
Legal Tax
When a taxpayer is unsure how to apply a tax law, there are various ways of obtaining an opinion from the State Revenue Service (SRS) by telephone or in writing. The written ways include seeking an information letter or an advance tax ruling (also known as a private letter ruling). This article explores the substance of an advance tax ruling, the procedures for requesting one, and the legal implications.
26.04.2019

Transparency of beneficial ownership registers (3/17/19)
Legal Tax AML

This article explores how far we can rely on the information placed in the registers of beneficial owners.
11.03.2019

Bidder’s right to challenge decision on winner of customer-funded procurement (3/10/19)
Legal Tax
In an earlier article, we explained why the customer in a public procurement procedure has no appeal against the Procurement Regulator’s decision, and we said only a bidder has this right. Yet there is an exception to this rule because in certain cases a bidder cannot go to the administrative courts and challenge the procurement commission’s decision on the procurement winner.
25.02.2019

Customer’s right of appeal against Procurement Regulator’s decision (2/8/19)
Legal Tax
To complete a public procurement procedure, the customer makes a decision to award a contract to the winner. Other bidders may appeal this decision to the Procurement Regulator. If the regulator’s commission finds that the customer has committed a material breach, the commission will prohibit him from entering into a procurement contract. Can the customer disagree with the commission’s findings and appeal its decision to the courts?
01.02.2019

Understated cost of property may lead to more tax (1/5/19)
Legal Tax PIT Real estate
Real estate (RE) acquisitions mean considerable spending, which often has the parties looking to cut their costs. A common solution involves understating the acquisition cost, but that may lead to a dispute with the State Revenue Service (SRS) and an extra tax assessment potentially exceeding the upfront saving. This article explores a few things you’d better omit from your contract relating to the acquisition cost of RE.
25.01.2019

Company officers listed as risk persons (2/4/19)
Legal Tax
A company officer that is legally recognised as a risk person (RP) faces certain business restrictions (a ban on, or a longer time limit for, receiving specified services from the Enterprise Registry). This legal status affects the company’s day-to-day operations and may form the basis for a business suspension order. This article explores some case-law findings concerned with RP status.
21.12.2018

Tax receivable disallowed pending administrative litigation between SRS and debtor (2/51/18)
Legal Tax
After a person’s insolvency proceedings have been announced, a receivable over which the creditor has a dispute with the debtor may be partly or wholly disallowed by the administrator. Yet only civil disputes have been taken into account for a long time. Also, if the debtor appeals a tax assessment decision made by the State Revenue Service (SRS), the receivable will not be allowed by the administrator until after the dispute has been settled in administrative proceedings.
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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