Our personnel has significant experience in advising all of the Latvian taxes: corporate income tax, VAT, personal income tax, social insurance, as well as custom’s and excise duties. Our typical tax products are as follows:
Ongoing tax consulting
We help the clients to identify and solve the tax issues which arise from the executed or contemplated transactions. Our involvement may range from advising on the correct application of taxes to helping the client to minimize the tax burden by restructuring the transaction or its supporting documents.
Our most typical tax consulting areas include the followgin areas:
- Value added tax
- Corporate income tax
- Permanent establishment issues
- Withholding taxes
- Payroll taxes
- Tax relieves and exemptions under double tax treaties
- Transfer pricing
- Capital repatriation
- Value added tax representation
- Holding companies
This service allows the client to prepare for the potential challenges by the State Revenue Services during the tax audit. By using our experience in dealing with the State Revenue Service audits we effectively identify the client’s key risk areas. The tax review is also an effective product for identifying tax saving opportunities.
Tax authority opinion and advance ruling
To strengthen the position of the taxpayer in unclear situations, sometimes it is advisable to apply to the authorities with request to provide a written clarification or an advance ruling.
For transfer pricing purposes it is possible to enter into the advance pricing arrangement with the Latvian tax authority, if the planned inter-company transactions will exceed EU 1 430 000 per year.
Tax disputes and litigation
We provide support in tax disputes with the State Revenue Service, by preparing clarifications or representing the client in negotiations with the tax authorities. If is not possible to settle down the dispute, we assist the client in appealing the tax authorities’ decision to the court and represent the client in the litigation.
We help our clients to plan the intended transactions not only to comply with the tax law, but also to minimize the company’s tax burden, diversify the business risks and align the transactions with the intended business model. Our experience in different industries allows us to advise the most feasible model for almost every transaction.
Our tax planning solutions are compliant with the upcoming requirements of the OECD activities regarding BEPS (Base Erosion and Profit Shifting).