29.03.2022
Latviešu Русский
Download Print
Other opportunities
Download Print

Transfer pricing adjustment and VAT 2/13/22

Tax Transfer pricing VAT

Our customers often ask us if transfer pricing adjustments affect VAT. This is an issue that remains unresolved by the VAT directive, the Latvian VAT Act, the Cabinet of Ministers’ rules, or guidelines issued by the State Revenue Service (SRS). Even the Court of Justice of the European Union (CJEU) has never dealt with this issue in its rulings. This article explores an opinion expressed by the European Commission’s VAT committee.

Share the article

If you have any comments on this article please email them to lv_mindlink@pwc.com

Ask question

Related articles

See all Flash News
15.03.2022

Donations to Ukraine and VAT 1/11/22
Free access Tax CIT VAT Ukraine

As the war in Ukraine goes on, many companies have unselfishly donated to Ukrainian residents and to Ukrainian refugees having crossed the EU border. Does the current tax regime encourage donations? And how has the Latvian government responded to the present situation?
08.02.2022

Car park fine is subject to VAT 2/6/22
Tax VAT

On 20 January 2022 the Court of Justice of the European Union (CJEU) ruled on C-90/20 (Apcoa Parking Danmark A/S) regarding the VAT treatment of a fee the operator of car parks located on private land charges any motorist who breaks the parking terms and conditions. This article explores the CJEU’s findings and their practical implications.
11.01.2022

Financial and tax incentives for electric vehicles in Latvia and elsewhere in EU 3/2/2022
Tax VAT ESG

Latvia is committed to reducing its CO2 emissions. One of the objectives is to cut emissions from road vehicles. This can be done by minimising the overall use of transport and by encouraging the use of vehicles with low or zero CO2 emissions. This article explores what incentives are available for buying and using electric vehicles (EVs) in Latvia and other member states.