Social insurance

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.
08.02.2019

Changes to Lithuanian tax legislation effective from 2019 (3/6/19)
Social insurance Tax CIT PIT
This article offers an overview of the latest tax developments in Lithuania.
08.02.2019

How no-deal Brexit will affect personal taxation in Latvia (2/6/19)
Social insurance Tax Employees PIT

Concern is growing about the UK and the EU being unable to agree on a period of transition to continue doing business under the current legal framework as part of Brexit conditions. This article explores some of the tax implications of a no-deal Brexit for Latvian tax residents posted to or employed in the UK after 29 March 2019.
18.01.2019

Amendments to Solidarity Tax Act (2/3/19)
Accounting Social insurance Tax PIT
The Solidarity Tax (ST) Act has been amended with effect from 3 January 2019. This article offers a summary of the amendments.
21.12.2018

Personal Income Tax Act amended on virtual currency (3/51/18)
Social insurance Tax PIT
The Personal Income Tax (PIT) Act needed amending because procedures for measuring income from the sale of virtual currency were not precisely defined in PIT legislation. This article explores amendments to the PIT Act passed in their second reading as a matter of urgency on 13 December 2018.
01.06.2018

Latvia’s three tier pension system and taxation of pensions (2/22/18)
Social insurance Tax PIT
This article provides a summary of information on Latvia’s three-tier pension system and the taxation of pensions.
29.03.2018

Claiming social contributions as tax deductible expense (3/13/18)
Social insurance Tax PIT
The ongoing tax reform has not significantly affected the personal income tax (PIT) treatment of mandatory national social insurance contributions (NSIC). This article explores some points that have changed or might not be usual when it comes to claiming NSIC as a deductible expense for PIT purposes.
25.01.2018

Solidarity tax payers: things to consider in 2018 (3/4/18)
Social insurance Tax Employees PIT
Since 2016, solidarity tax (ST) has been charged on income that exceeds the cap set by the Cabinet of Ministers for mandatory national social insurance (NSI) contributions. This principle remains in place this year. However, paying ST will provide taxpayers with certain benefits because unlike the old rules, ST payments are now going towards healthcare, social insurance, and personal income tax (PIT) payments. Overall, the ST rules have become more favourable to taxpayers. This article explores this principle and taxpayers’ obligations under the new rules.
21.12.2017

Summary of PIT, NSI and solidarity tax changes in 2018 (3/51/17)
Accounting Social insurance Tax PIT
Over the last six months we have been informing our MindLink.lv subscribers about changes the lawmaker is making to personal income tax (PIT), national social insurance (NSI) and solidarity tax arrangements. This article summarises what we see as key changes.
15.12.2017

Changes in tax treatment of endowment premiums (2/50/17)
Social insurance Tax PIT
The Personal Income Tax (PIT) Act has been amended with effect from 1 January 2018, affecting employers that provide their staff with endowment insurance in addition to salary. This article explores the coming changes and some preparations that can be made before 2018.
07.12.2017

Payroll accountant’s homework to handle changes in 2018 (3 of 3) (3/49/17)
Accounting Social insurance Tax CIT Employees PIT
This article completes what we wrote last week.
01.12.2017

Changes in taxation of traders (3/48/17)
Social insurance Tax PIT
The latest amendments to the Personal Income Tax (PIT) Act and the National Social Insurance (NSI) Act include a set of amendments relating to the tax treatment of traders. These amendments were adopted in the summer and came into force on 8 August. Also, amendments to the Cabinet of Ministers’ Regulation No. 899, Application of Provisions of the Personal Income Tax Act, were approved on 14 November. This article explores some of the changes in the PIT and NSI treatment of traders.
06.10.2017

Social insurance contributions in Latvia for employees working outside Latvia (3/40/17)
Social insurance Tax
In this article we discuss the arrangements for paying Latvian mandatory national social insurance (NSI) contributions where an A1 certificate is taken out retrospectively and contributions will be paid by a foreign employer.
17.08.2017

Lithuanian tax news (3/33/17)
Social insurance Legal Business Tax
This article offers a summary of recent legislative developments in Lithuania.
04.08.2017

Tax reform: changes affecting royalty recipients and self-employed persons (2/31/17)
Social insurance Tax PIT
We have written about proposed changes in the area of social insurance. This article explores practical changes affecting individuals that receive royalties and self-employed persons in terms of mandatory national social insurance (NSI) contributions and pension insurance contributions.
Page
from 4

Topical

Read more
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.
See all PwC publications