A shared service center is specially created unit in the legal structure of the companies group, to which a certain business function or several functions are transferred throughout the organization, such as accounting, human resource management and etc. The shared service center has its own staff, responsible for managing the cost and quality of [...]
The amendments to the Taxes and Duties Act regarding the transfer pricing mandatory requirements, which entered into force on 1 January 2013 introduced new Section 15.2 “Taxpayer’s duty to submit information regarding the transactions with related parties”, which lists the minimum requirements for a taxpayer for documenting the related party transactions (transfer pricing). These [...]
AAT invites its customers and other interested at the “Determination of arm’s length price for the needs of corporate income tax and VAT (transfer pricing)” seminar, which will be held 4 March 2014 at 10:00-16:00, in“Konventa Sēta” hotel (Riga, Kalku street 9/11, LV-1050). The event will be held by sertified tax consultant Artūrs Breicis.
Upon commencement of the business activity in Latvia the foreign companies, depending on intended business activity, should select the most appropriate legal form of business in Latvia. This article addresses basic tax and legal considerations for selecting the most appropriate form of business in Latvia. The foreign entity may select to establish in Latvia [...]