We conduct seminar in Riga on 26th February 2021

Taxes in transactions with non-residents in 2021. Tightening legislation and practice.  

In the fight against legalization – not to lose the rule of law

Today the average citizen risks facing the punitive function of the state not at all in the person of the tax administration. The almighty Financial Intelligence Unit of Latvia entered the scena. There are more criminal cases on legalization than tax audits.

We conduct seminars in Riga on 26th February and 30th September 2020

Taxes in transactions with non-residents. Changes in 2020.

Do you know how much information does SRS have on each tax payer?

From March 1 to June 1, all those who received income in 2019, from which income tax was not withheld at the place of payment, or received income from abroad, must file a declaration of income.

We conduct seminars in Riga on 13th November 2019 and 31st January 2020

Automatic exchange of bank information or What has happened with bank's secret?

We conduct seminars in Riga on 10th November 2017 and 12th January 2018

Transactions with non-residents - taxation in Latvia from 2018. Deductions from payments to non-residents. What will change? Mistakes of taxpayers.

We conduct seminars in Riga on 11th August and on 29th September 2017

International taxation and offshores: Significant changes. The end of bank secret in the world and in Latvia.

We conduct seminars in Riga on 15th March, on 23rd and 25th May 2017

Latvian taxes in dealings with non-residents. Tax withholding from payments to non-residents. Common mistakes.

Will your bank account pass the test of transparency?

2016 is the first year of the automatic exchange of bank information. Banks must send the information for this year to tax authority of account owner and ultimate beneficiary.

We conduct seminars in Riga on 14 -15 June, 26th August and 6th September 2016

International taxation and offshores: 2016 - the year of significant changes.

Pre-New Year’s bank memo for businessman

Beginning the next year, the Global Standard on Automatic Exchange of Information will be introduced in 53 countries including almost all EU countries and Latvia. This Standard obliges banks to identify the ultimate beneficial owner of each account and to automatically report the data on clients' accounts to their tax authorities.

It is time to overestimate your tax risks

Starting the next year, banks will be obliged to inform our Tax Revenue Service on suspicious transactions of Latvian customers – on 15th September the Cabinet of Ministers approved the introduction of appropriate changes in legislation. This is the first sign of global changes in Latvia – the traditional banking system will turn to be transparent.

Perpetual traveler – the future of businessman?

Perpetual traveler or citizen of the world, a man whose personal freedom is invulnerable and assets inviolable - this idea has gained an extraordinary popularity among businessmen and wealthy individuals all over the world during the last couple of years. Is this idea a real one?

Bank secrecy: when does the end begin?

The global standard on Automatic Exchange of Information, that a year ago seemed to be just a distant ghost, is getting tangible. This Standard will oblige the world's banks to identify an ultimate beneficial owner of each account and report these data to clients residential tax authorities.

Tax scandals in 2014

Name status and sums involved in European tax scandals in 2014 were very impressive. Even more impressive were prison sentences, threatening to the most famous and beloved persons of society.

Five advices to Russian businesman: How not to disturb the tax regulation and preserve assets

Changes in Russia tax laws - deoffshorization has been accomplished . Global changes in international tax politics. There is an urgent need to review the understanding of tax riscs, asset structure and business abroad. The complexity of the new regulation.

How will business deal with the new model of tax system?

Belt tightening, high rates and tough control have always been working with one country's tax authorities only. We witness how this model is perishing, so soon there will be no borders for tax authorities anymore.

What is the reason of capital sadness: transparency, tightening of tax environment and distrust

Economies and markets are not growing – to earn and to save money is becoming harder and harder. Despite this the amount of High Net Worth Individuals and the total amount of their assets shows five time greater increase than the growth of the world’s economy. What is important for them nowadays when investing their assets? For more details, see the November issue of magazine “Недвижимость”.

Are individuals ready for tax authority examination?

This is the third year since tax amnesty and so called "zero declarations" were introduced. This event then caused a great tension in society and made taxpayers stress a lot. How is the situation right now?

Taxes within the country and the world: we are living through interesting times

It is time to bother about your capital After one brightest minds with the best financial background have lunched the most large-scaled financial crisis, other brightest minds in governments had nothing left to do except devastation of states budgets. And afterwards afforded themselves to switch from more proper for them categories “legal” – “illegal” to the moral-ethic categories more usual for gentlemen of the cloth, and call some tax-effective structures as “immoral” and the low taxes of some countries – as “unfair”. That is how BEPS emerged... For more details, see October issues of the magazine “Открытый Город”.

OECD: bank secrecy is coming to an end

“Bank secrecy is coming to an end” – states the official website of the Organisation for Economic Co-operation and Development.  

When the real estate is freedom

Flap over the programme of obtaining the residence permit based on investment mainly in the real estate every summer is usual for Riga. For this type of investor, almost 90% of which are CIS citizens, the residence permit in the European country means the freedom of movement, ability to do business, to study and work where they want, future security, personal freedom, assets protection and tax planning. And this summer in term of investor activity heads all the records.  

Memento mori, banking secrecy?

Serious blow delivered to habits of businessmen and private persons worldwide to solve the issues of tax optimization and confidentiality by allocation of their assets, business and capital abroad.  

Emirates come to you

Potential of Unated Arab Emirates is huge and unique not only in respect of opportunities for investment and business setup in the country, but also for organisations of international business.

Tax dilemma: to stay or go?

Whether or not do business in Latvia? More information in April issue of Latvian magazine Kapitāls.

Present and future taxation of e-commerce in EU

Companies working in e-commerce face various taxation related issues caused by international character of activities and changing rules.

II International Conference on Electronic Commerce “eCom21″ in Riga

Our presentation at the conference "Taxation of e-commerce in EU. Global trend towards tightening of tax control. Tax environment in Latvia."

International conference Intax Wealth Latvia in Riga, devoted to issues of citizenship and residence permit obtaining for high-net-worth individuals, as well as to transfer of business to the country with a favorable business climate.

Latvia as an alternative to Cyprus for international business and capital.

Latvian owners of offshore companies will be subject to taxation

Controlled foreign corporation rules introduced in Latvia.

Holding regime: no sudden movements

Article in the Latvian newspaper Business & the Baltic.

International conference on wealth management, International Wealth Forum 2013 in Tallinn

Latvia for international business and capital. New opportunities and unique benefits for holding, investment, trading and another activity.

Offshores in the era of total control: new rules of the game

Where are offshores drifting?

Double tax agreement between Latvia and Russia – user’s manual

5th Annual Conference “Practice of International Tax Planning” in Moscow

Latvia as a new holding jurisdiction and platform for immigration in EU

Conference “International Tax Effective Structures 2012″ in Riga

New opportunities of using Latvian companies in international business

Magnet for the investors

From 2013 Latvia is becoming more attractive for international business. Tax advantages introduced open new opportunities for international holding companies. October issue of the Latvian magazine Free City.

Tax amnesty in Latvia has failed

Does life exist after property declaration?

Property declaration and tax amnesty in Latvia. Expectations and reality

Double tax agreement between Russia and Latvia is expected to come into force from 2013