Transfer pricing: can a manufacturer suffer losses?
Preword Manufacturing companies within the group may experience operating losses due to various commercial factors, [...]
Alternative dividend taxation regime from 2026 in Latvia. What does it mean for business owners and foreign investors? (video)
General Starting from 1 January 2026, Latvian companies whose shareholders are exclusively individuals can elect [...]
Working abroad? What Latvian residents need to know about taxes
If you are a Latvian tax resident and work or have worked abroad, it is [...]
Transfer Pricing in 2026: Key Changes and Their Practical Impact on Businesses
As of 1 January 2026, significant amendments to the transfer pricing framework have come into [...]
Implementation of Transfer Pricing Regulation Amendments from 2026: Key Changes and Their Implications
Introduction On 1 January 2026, amendments to Article 15.² of the “Law on Taxes and [...]
What is the accounting process in Latvia?
Introduction In Latvia, the accounting practices are primarily governed by national laws which are [...]
Do I Need a Latvian Partner to Register a Company in Latvia?
Introduction Latvia is regarded as an attractive location for investors looking for a gateway to [...]
Tax implications of the cross-border supply of construction services
In an increasingly interconnected European market, the construction industry frequently operates across national borders. Companies [...]
How to Get a VAT Number in Latvia: A Step-by-Step Guide
Even if you've always stayed on top of your sales tax payments, there may be [...]
Tax-efficient exit from the business in Russia
Due to events known to all, at least some Latvian companies have been forced to [...]
Expatriate employment options in Latvia
The article outlines the tax implications arising from the international assignment of an employee from [...]
Once again, who should prepare transfer pricing documentation and what documentation should be prepared
When receiving questions from clients, it is evident that there is still confusion as [...]
TEST: Taxation of a foreign employee. in Latvia
If you are sent to work in Latvia for a short or long period you [...]
Special VAT regime for import of goods
Is it possible to not pay VAT on import? While the special VAT regime for [...]
From 1 July Russia is considered offshore. Now what?
On 27th June 2023, the Latvian government adopted Cabinet Regulation No 333 “List of Low-tax [...]
Bruno’s vision or how to build a tax efficient group structure
Today, let’s talk about Bruno. No, no, not the character Bruno from the animated film [...]
Impact of transfer pricing on the financial statements
Transfer pricing refers to the pricing of the sale of goods, the provision of services [...]
Personnel shares – a tool to motivate employees to achieve the company’s goals and avoid being headhunted to competitors
Along with the amendments to the Commercial Law, which came into effect starting from 2021, [...]
When it’s too late to drink borjomi, or how not to lose your intangible property
The story of a Latvian cosmetic manufacturing company For some time now, the news appears [...]
Does 10% limit applies also to personnel options and shares issued by a limited liability company
Why is this question? In order to fully implement a competitive framework for share purchase [...]
Not sure how to motivate your employees? Grant stock options!
You don't have to spend a lot of money on expensive tools and programmes to [...]
What does the State Revenue Service expect to justify the impact of COVID-19 on transfer pricing?
Introduction Has your company carried out the business with related companies in 2020/2021 and has [...]
How to restructure your business in a tax-efficient way?
It's time for change! The reasons for change are many and varied. In the not [...]
Stock options
This year, on January 12, 2021, changes to the Personal Income Tax Law and the [...]
Dividends and building up the shareholding structure for Latvian companies
This article describes the principles of planning dividends and shaping the tax-effective shareholding structure for [...]
New Latvian Controlled Foreign Companies Rules
As of 1 January 2019 Latvia has introduced controlled foreign company rules by amending the [...]
Intangible assets revaluation
Intangible assets revaluation Question: Latvian company A has sold a trademark to another Latvian related [...]
New transfer pricing documentation requirements in Latvia
On 25 October 2018 the long-awaited amendments to the Taxes and Duties Act regarding the [...]
Employee stocks and stock options
On 15 June 2017, the Saeima adopted comprehensive amendments to the Commercial Law (these amendments [...]
How to determine the market value of interest on loans to associated companies
Associated companies frequently issue loans to each other, which must, like other transactions between associated [...]
Intra EU Goods Transport Treatment in Single Market
Haulier Customer Conditions VAT position Latvia VAT payer Latvia VAT payer Freight transportation [...]
New Corporate income tax in Latvia: How to benefit?
The companies have to pay the corporate income tax on profit distribution only, whereas the [...]
Transactions between related parties as from 2018
Introduction In 2018 two important legal enactments were adopted which changed the regulations of the [...]
Comparison of the current and upcoming corporate income tax system
Based on equal profits reported and fully distributed (after - tax) to individual shareholder. Latest [...]
How to finance a Latvian company in future
The new Corporate Income Tax Act into force on 1 January 2018. One of the [...]
Changes in the Latvia tax laws effective as of 1 January 2018
Corporate income tax In the new Latvian Corporate Income Tax Act (hereinafer - the Act) a [...]
What taxes should I pay when I buy property in Latvia
Usually, an individual, which considers to buy property in Latvia for personal use, for example [...]
