Tax

10.01.2020

Amendments to Rule 969 on business trip expenses (2/2/20)
Accounting Tax Employees
We have informed our MindLink.lv subscribers about proposals for amending the Cabinet of Ministers’ Rule No. 969, How to reimburse expenses associated with business trips. The amendments came into force on 19 November 2019. In this article we have put together what we see as key changes.
07.01.2020

Technology makes paying business taxes easier 1/2/20
Free access Tax Technology VAT

Paying Taxes 2020,  an annual study of global tax administration produced by PwC and the World Bank Group, finds that economies around the world have made it substantially easier for their businesses to pay taxes thanks to technology. The report highlights the significant advantages that tax authorities give their taxpayers if they embrace technological advances. In Brazil and Vietnam, for example, the time it takes to comply with tax obligations fell by 23%, while some other countries reported a big drop in the number of tax payments.
19.12.2019

Personal and dependant allowances in 2020 (3/51/19)
Tax PIT
The Cabinet of Ministers’ Regulation No. 676 of 14 November 2017 on allowance levels was amended on 19 November with effect from 22 November 2019. This article explores changes to the allowance levels and a new coefficient.
19.12.2019

VAT on services: identifying place of supply (2/51/19)
Tax VAT
Suppliers need to know the place of supply of their services to identify the country in which VAT is payable and to find out whether they are liable to register for foreign VAT. Customers also need to know the place of supply of services to find out whether they are liable to pay VAT. This article explores the customer’s status, the core principles for identifying the place of supply, and statutory exceptions.
19.12.2019

New option to handle double taxation disputes (1/51/19)
Tax CIT
From 23 October 2019, taxpayers have a new means of preventing double taxation in their cross-border transactions: the mutual agreement procedure (MAP). The Taxes and Duties Act has been amended to incorporate rules laid down by EU Directive 2017/1852 and the Arbitration Convention.
13.12.2019

New tax opinion on amount of related party loan for current year (1/50/19)
Tax Transfer pricing
We have written about the burning question of how to calculate the value of a related-party loan for the current year. This is crucial in determining whether the taxpayer is required to prepare and submit transfer pricing (TP) documentation to the State Revenue Service (SRS) within 12 months after the end of the financial year. As the deadline for 2018 is almost upon us (31 December 2019), PwC approached the Ministry of Finance and the SRS for comment. This article explores the opinion shared by the two bodies and PwC’s understanding of their comment.
13.12.2019

Implementation of official e-address postponed (3/50/19)
Accounting Tax
On 28 November, Parliament supported proposals for amending the Official Electronic Address Act (OEAA) in their first reading. The proposals provide that the transition period after which using an official e-address becomes mandatory for entities entered on the Enterprise Register (ER), such as companies, foundations, associations, political parties and religious organisations, should be extended to 2 January 2023.
13.12.2019

Documentary evidence for VAT exemption on intra-Community supplies (2/50/19)
Accounting Tax VAT
Council Implementing Regulation (EU) 2018/1912 of 4 December 2018 amending Implementing Regulation (EU) No. 282/2011 as regards certain exemptions for intra-Community transactions is taking effect from 2020. As member states have put up various preconditions for applying these VAT exemptions, which cause complications and legal uncertainty for businesses, the new Regulation specifies and aligns the conditions to be satisfied for an exemption.
10.12.2019

New tax opinion on amount of related party loan for current year 1/50/19
Free access Tax Transfer pricing

We have written about the burning question of how to calculate the value of a related-party loan for the current year. This is crucial in determining whether the taxpayer is required to prepare and submit transfer pricing (TP) documentation to the State Revenue Service (SRS) within 12 months after the end of the financial year. As the deadline for 2018 is almost upon us (31 December 2019), PwC approached the Ministry of Finance and the SRS for comment. This article explores the opinion shared by the two bodies and PwC’s understanding of their comment.
06.12.2019

Corporate tax treatment of donations (3/49/19)
Tax CIT
With the year nearing its end, donors usually spring into action, so this article will remind our MindLink subscribers of the three types of relief under the Corporate Income Tax (CIT) Act.
06.12.2019

Garden leave: remedy for protecting employer’s business (2/49/19)
Legal Tax
When it comes to giving notice to terminate an employment contract, the employer wants to not only carry out their statutory obligations but also protect their business interests. Latvian law is silent about the employer’s right to prevent the employee from coming to work during the notice period. Anglo-Saxon law has dealt with this situation since late last century using the legal concept of garden leave.
06.12.2019

ERP system: cloud based or on premise? (1/49/19)
Accounting Tax
When it comes to setting up an enterprise resource planning (ERP) system, companies cannot avoid the question of choosing between on-premise or cloud-based. This is not an easy choice because companies should assess the pros and cons of each option to satisfy their needs.
29.11.2019

CIT and PIT treatment of dividends: advance tax ruling (1/48/19)
Tax CIT PIT

In October 2019, the State Revenue Service (SRS) published an advance tax ruling on the corporate income tax (CIT) and personal income tax (PIT) treatment of dividends paid out of profits formed by proceeds from selling a subsidiary. The ruling answers some long-awaited questions about the tax implications.
29.11.2019

Submission of transfer pricing documentation (2/48/19)
Tax Transfer pricing

As the calendar year 2019 is nearing its end, some taxpayers are facing a deadline for filing their transfer pricing (TP) documentation. This article explores the deadline and some technical challenges that are likely to prevent taxpayers from meeting it.
29.11.2019

Invalidation of loan: CJEU case law (3/48/19)
Legal Tax
This article explores a recent CJEU ruling on consumer disputes over financial services.
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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