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So far SIA Breicis has created 50 blog entries.

New Latvian Controlled Foreign Companies Rules

As of 1 January 2019 Latvia has introduced controlled foreign companies rules by amending the Corporate Income Tax Act. According to the rules a Latvian company has to apply the CFC rules, if it: [...]

By | Sunday, February 10, 2019|Uncategorized|0 Comments

Intangible assets revaluation

Question: Latvian company A has sold a trademark to another Latvian related company B. Company B has licensed back to A the rights to use the trademark. The arm’s length value of the trademark was assessed using a discounted cash flow analysis. After a couple of years, it appears that the sales of the group are [...]

By | Saturday, January 26, 2019|Uncategorized|0 Comments

New transfer pricing documentation requirements in Latvia

Introduction On 25 October 2018 the long-awaited amendments to the Taxes and Duties Act regarding the transfer pricing documentation requirements were finally passed. [...]

By | Monday, October 29, 2018|Uncategorized|0 Comments

Employee stocks and stock options

On 15 June 2017, the Saeima adopted comprehensive amendments to the Commercial Law (these amendments entered into effect on 13 July 2017), which, inter alia, also governs matters regarding employee stock and personnel options. [...]

By | Sunday, September 2, 2018|Uncategorized|0 Comments

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 companies, conform to market value. Currently, this issue has received additional topicality due to the fact that interest payments that exceed their market value are considered to be equivalent to dividend payments. This means that the issue of determining [...]

By | Saturday, April 28, 2018|Uncategorized|0 Comments

Intra EU Goods Transport Treatment in Single Market

Haulier Customer Conditions VAT position Latvia VAT payer Latvia VAT payer Freight transportation within the EU Haulier applies Latvian VAT (21%) Latvia VAT payer Other EU State VAT payer Freight transportation within the EU Haulier does not apply Latvian VAT. The Customer has to apply its country's VAT according to the reverse charge [...]

By | Saturday, March 31, 2018|Uncategorized|0 Comments
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