Tax

29.10.2019

Cash pool: transfer pricing aspects (3) 1/44/19
Free access Tax VAT

To complete our series of articles on the transfer pricing (TP) aspects of a cash pool, this article explores what data and sources are used in practice for setting fees (interest rates) for cash pool members depositing and borrowing cash.
25.10.2019

Proposed penalty for failure to file country by country report (1/43/19)
Stamp Tax Transfer pricing
On 1 October 2019 the Cabinet of Ministers debated and supported proposals for amending the Taxes and Duties Act to impose a new penalty for failure to duly file a country-by-country report.
25.10.2019

Cash pool: transfer pricing aspects (2) (2/43/19)
Tax Transfer pricing
To pick up where we left off about the transfer pricing aspects of a cash pool, this article explores ways of setting fees for cash pool members, including the treasurer, according to the OECD Base Erosion and Profit Shifting (BEPS) discussion draft on financial transactions published in July 2018 (“BEPS report”).
25.10.2019

Can access to foreign warehouse create permanent establishment? (3/43/19)
Tax CIT
Companies are increasingly expanding their operations around the world by hiring staff to research the local market, negotiate contracts and prices with local customers, and conduct marketing and other activities that promote the company’s business. It is important to find out whether those activities are likely to create a permanent establishment (PE) in the country where they are carried out. This article explores recent changes to the interpretation of law that will affect future PE risk when it comes to assessing the availability of a company’s warehouse abroad.
22.10.2019

Proposed penalty for failure to file country by country report 1/43/19
Free access Tax Transfer pricing

On 1 October 2019 the Cabinet of Ministers debated and supported proposals for amending the Taxes and Duties Act to impose a new penalty for failure to duly file a country-by-country report.
18.10.2019

New service: business income account (2/42/19)
Business Tax
The Ministry of Finance, the State Revenue Service (SRS) and commercial banks are planning to launch a business income account (BIA) as a new service for taxpayers, according to a report posted on the SRS website.
18.10.2019

Employer’s disclosure of contributions to private pension funds: advance tax ruling (3/42/19)
Tax PIT

In July 2019, the State Revenue Service (SRS) published an advance tax ruling that explains how to correctly disclose information in employer statements where an employer’s contributions to private pension funds for a worker come from the employer’s money and where they come from the worker’s money through the employer.
11.10.2019

Changing over to paperless accounting (2/41/19)
Accounting Tax
In the age of digital economy, the business community needs to keep abreast of industry trends. In accounting, the trend is towards a paperless future, but this raises some questions. How do we go about this? What tools do we need? What legislation must we comply with?
11.10.2019

Bullying in workplace: statute and case law (3/41/19)
Legal Tax Employees
Last week we wrote about emotional or psychological bullying against a worker. This article explores the legislation and recent case law dealing with emotional bullying.
08.10.2019

Monitoring compliance with AML/CTPF Act 1/41/19
Free access Legal Tax AML

The State Revenue Service (SRS) is in the process of reviewing external accounting service providers and tax consultancies for compliance with the Anti Money Laundering and Counter Terrorism and Proliferation Financing (AML/CTPF) Act.
04.10.2019

Intragroup loan: tax authority’s ruling confirms cases where retained earnings do not need reducing (2/40/19)
Tax CIT
After the corporate income tax (CIT) reform, loans to related parties may be taxable, raising the question of whether a loan can be made with no CIT implications. This article looks at a new ruling published by the State Revenue Service (SRS) explaining how to apply statutory exclusions.
04.10.2019

Emotional bullying in workplace (3/40/19)
Legal Tax Employees
A favourable working environment is among the factors that drive staff productivity, but a worker may also face a consistently negative attitude to them in the workplace. As a result, the person may find it intolerable to be there. This article explores the forms and characteristics of emotional bullying and ways of fighting it.
26.09.2019

CIT Act to be amended: permanent establishment (2/39/19)
Tax CIT
We have informed our MindLink.lv subscribers about proposals for amending the Corporate Income Tax (CIT) Act. This article explores only proposals relating to a permanent establishment (PE).
26.09.2019

Workplace video surveillance (2) (3/39/19)
Legal Tax Employees
This article completes what we wrote last week.
20.09.2019

Rule No. 969 on business trip expenses to be amended (1/38/19)
Accounting Tax Employees
The Finance Ministry’s proposals for amending the Cabinet of Ministers’ Rule No. 969 were announced at a meeting of state secretaries on 18 July 2019. This article explores some of the proposals to be debated soon.
Page
from 79

Topical

Read more
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