When receiving questions from clients, it is evident that there is still confusion as to who should prepare transfer pricing documentation and what documentation should be prepared. We have written about this in detail before, but in light of the questions we are receiving, we will try to clear the confusion, step by step. [...]

If you are sent to work in Latvia for a short or long period you have to be aware of the taxation of your income in Latvia. We have developed the  test that will allow you to check your tax residence positions and taxes payable depending on the length of work and other factors. The [...]

On 27th June 2023, the Latvian government adopted Cabinet Regulation No 333 “List of Low-tax or Tax-free Countries and Territories”, which approves a new list of low-tax or tax-free countries and territories, including Russia. The Regulation enters into force and is applicable as of 1st July. According to the updated to the updated list of [...]

Today, let’s talk about Bruno. No, no, not the character Bruno from the animated film “Encanto”, who was not supposed to be talked about, but our very own Bruno – an investor and entrepreneur. What do the two Bruno’s have in common? They both know how to look into the future, each in his own [...]

Transfer pricing refers to the pricing of the sale of goods, the provision of services or the transfer of assets (including intangible assets) between different related companies within the same group, usually in different countries. Although transfer pricing is mainly applied in transactions with foreign companies, transactions between Latvian affiliates must also comply with the [...]