PIT

05.06.2020

Personal Income Tax Act to be amended on employee stock options (3/23/20)
Tax PIT
The latest proposals for amending the PIT Act aim to encourage more startups operating in Latvia by offering an exemption on employee stock options granted by public limited companies to motivate workers.
30.04.2020

Labour mobility during COVID-19 crisis (3/18/20)
Accounting Tax Employees PIT
Nowadays, performing your job responsibilities outside your home country is a generally accepted practice. Workers are often posted to work for other group companies abroad. Also, people searching for better jobs go to work abroad for shorter or longer periods. Such relocation of labour should always be assessed from a tax law perspective because staying in another country may affect the person’s tax residence. This article explores some tax issues that may arise because of the COVID-19 lockdown.
24.04.2020

Awarding idleness benefit to self-employed (3/17/20)
Tax PIT
The Cabinet of Ministers’ regulation No. 179 on the idleness benefit for self-employed persons affected by the spread of COVID-19 came into force on 3 April 2020. An annotation to the rules says they aim to prevent self-employed persons from losing all of their income and subsistence through the COVID-19 crisis, and the rules describe how the self-employed qualify for an idleness benefit. This article explores the eligibility criteria for a self-employed idleness benefit, how to apply for it, how much is due and for how long, as well as criteria that prevent the self-employed from receiving it.
24.04.2020

Aspects affecting employer and idle workers (1/17/20)
Legal Tax PIT

We have already informed our MindLink.lv subscribers about tax measures aimed at helping employers, workers and traders cope with the economic consequences of the COVID-19 crisis. Idleness benefit is one of the support measures for employers and workers. This article explores how to record idleness benefit in the books and how to prepare an employer’s statement for an idle worker.
17.04.2020

Changes to average pay calculation for benefits affecting new parents (3/16/20)
Social insurance Tax Employees PIT
The average national insurance wage (“ANIW”) is a key component when it comes to calculating national insurance benefits. From 1 January 2022, significant changes are expected to the ANIW calculation that will adversely affect persons who were on childcare leave directly before their insurance case arose (i.e. before the benefit was awarded). To pick up where we left off on the subject of benefits in our Flash News edition of 31 March, this article looks at some of the expected changes to the ANIW calculation.
09.04.2020

Tax filings for persons with incomes over €62,800 (2/15/20)
Tax PIT
Solidarity tax (ST) has been charged for several years on incomes exceeding the annual threshold of €62,800 set by the Cabinet of Ministers for mandatory national social insurance (NSI) contributions last year and this year. As the 2019 filing season has begun, this article serves as a reminder that under the current rules, persons whose income went over the threshold in 2019 must file their annual income tax return between 1 April and 1 July 2020.
06.04.2020

Unemployment benefit: aspects to consider this year (2/14/20)
Tax PIT
This week we have posted a separate article about some of the measures supported by the government to overcome the consequences of the COVID-19 outbreak, including measures concerned with the unemployed and their involvement in paid temporary jobs. However, amendments effective from 1 January 2020 have changed the duration and sizing of unemployment benefit. This article explores how the National Social Insurance Agency calculates unemployment benefit. This issue is likely to become topical now that Latvia has declared an emergency situation, with many employers being forced to terminate their employment relationships with their workers.
20.03.2020

Completing income tax returns: update (3/12/20)
Tax PIT
The season for filing personal income tax (“PIT”) returns has come for individuals whose income did not exceed EUR 62,800 in 2019. To simplify completing the PIT return, the health care industry offers a digital service: the electronic receipt (“E-receipt”). This article explores the E-receipt solution, which has been used by a number of medical service providers since 2019.
12.03.2020

Personal Income Tax Act to be amended (1/11/20)
Tax PIT
Parliament has been debating proposals for amending the Personal Income Tax (“PIT”) Act to determine a personal allowance applicable to the foreign-source old-age pension income of expatriates returning to Latvia. This article explores the proposed changes.
28.02.2020

Wizard for calculating capital gains: new feature on EDS (1/9/20)
Tax PIT
The State Revenue Service (SRS) has recently launched a wizard for calculating capital gains on the Electronic Declaration System (EDS). This article explores cases in which the wizard can be used and the advantages of using it.
07.02.2020

Time to file annual income tax return (2/6/20)
Tax PIT
The tax filing season is approaching swiftly as we have less than one month to go until March. On 14 January 2020, we informed our MindLink.lv subscribers about the proposed amendments relating to the statutory form of the personal income tax (PIT) return and instructions for completing it. This article explores the filing obligation as well as the statutory filing and payment deadlines.
31.01.2020

Amendments to Taxes and Duties Act in force (2/5/20)
Tax PIT
Adopted by Parliament in their third reading in late 2019, amendments to the Taxes and Duties Act (“TADA”) came into force on 13 January 2020. They define administrative offences in the area of taxation and the penalties they attract. This article explores key changes affecting taxpayers.
17.01.2020

Dividends: income tax treatment and reporting (2/3/20)
Tax PIT
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.
17.01.2020

Income tax return form and completion procedures to be amended (1/3/20)
Tax PIT
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.
10.01.2020

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

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.
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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