Tax

18.03.2020

COVID-19 implications: tax solutions 1/13/20
Free access Tax Covid-19 VAT

To deal with the consequences of COVID-19, the Latvian government has decided to add tax solutions to its package of social and business measures.
12.03.2020

Estonia: tax developments (3/11/20)
Tax CIT Customs
In 2019, the Estonian Ministry of Finance drafted proposals for amending the Income Tax Act to regulate the taxation of income earned by foreign temporary workers (non-residents) from employment in Estonia. The amendments were expected to take effect from 1 January 2020 but they did not.
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.
12.03.2020

Taxation of permanent establishments: SRS guidance (2/11/20)
Tax CIT
To fill the gap in Latvian legislation when it comes to taxing a non-resident company’s permanent establishment (“PE”) in Latvia, the State Revenue Service (“SRS”) published guidance in August 2019 explaining their approach to PE taxation with examples, which may at first seem quite aggressive, especially considering that nearly all of the PE’s outgoing payments attract corporate income tax (“CIT”). This article explores the SRS approach.
06.03.2020

Documentation for VAT zero rating (3/10/20)
Tax VAT
On 10 December 2019, we informed our MindLink.lv subscribers that effective from 2020, Council Implementing Regulation (EU) 2018/1912 of 4 December 2018 prescribes a set of documents that must be available when it comes to zero-rating a supply of goods to a taxable person established in another member state. This article answers certain questions about how to apply the Regulation in practice.
06.03.2020

VAT treatment of e-commerce to be simplified (2/10/20)
Tax VAT
Given the European Commission’s long-term commitment to building a final VAT system that would be simpler and more secure against fraud, businesses engaged in cross-border trade will find it easier to meet their VAT obligations from 1 January 2021 thanks to the One Stop Shop, which eases the VAT burden and removes obstacles to cross-border trade. This article explores some of the expected changes to the VAT treatment of e-commerce from 2021.
06.03.2020

Five factors to consider in employing third country nationals (1/10/20)
Legal Tax
To fill the labour gap, employers in Latvia are increasingly hiring workers from third countries. An employment contract is the most common basis for employing third-country nationals. This article explores five factors to consider when it comes to entering into an employment contract with a third-country national.
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.
28.02.2020

Future of digital tax: OECD Pillar Two (3/9/20)
Tax CIT Transfer pricing

Wrapping up our previous article “Unified approach to addressing tax challenges in digital economy,” this article explores the OECD’s proposals for international taxation rules within Pillar Two.
28.02.2020

Proposal to abolish property tax on primary residence (2/9/20)
Tax
On 17 February a meeting of the Parliamentary Subcommittee on Tax Policy debated changes to the procedure for calculating real estate tax (RET). The Ministry of Justice has submitted proposals for abolishing RET on a person’s primary residence worth up to EUR 100,000 and for substantially reducing the level of RET on homes with a cadastral value (CV) higher than that. There are plans to introduce a special value which, once a new CV base is adopted, would provide a mechanism for reasonable RET charges and strengthen everyone’s right to a privately owned home.
21.02.2020

GPS car tracking: restrictions to consider (3/8/20)
Legal Tax
The global positioning system (GPS) is becoming popular with employers wishing to monitor vehicles or equipment used by their workers. This article explores how a worker’s privacy may be restricted by the employer using GPS tracking in their equipment and how the latest European case law treats this.
21.02.2020

Future of digital tax: OECD’s Pillar One (2/8/20)
Tax Transfer pricing

Picking up where we left off in last week’s article “Unified approach to addressing tax challenges in digital economy,” this article explores recent proposals for international taxation rules within Pillar One of the OECD’s Work Programme.
21.02.2020

Amendments to Corporate Income Tax Act effective from 12 February (1/8/20)
Tax CIT
We have published a number of articles since last summer about proposals for amending the CIT Act. This article summarises amendments that were adopted by Parliament in their third reading on 30 January and came into force on 12 February 2020 to update the existing rules and introduce some new ones.
14.02.2020

Corporate tax relief for donors from 2020 (3/7/20)
Tax CIT
Recent amendments to the Corporate Income Tax (CIT) Act are expected to increase the flow of donations this year. This article explores amendments relating to CIT relief for donors applicable from 1 January 2020 to 31 December 2022.
14.02.2020

Unified approach to addressing tax challenges in digital economy (2/7/20)
Tax Transfer pricing
Following up on the topic of digitalisation discussed in our Flash News article “Taxing permanent establishments in digital economy” on 23 August 2018, we have prepared a series of articles summarising the key points of Pillar One and Pillar Two, documents recently issued by the OECD.
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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