Take part in amending VAT Act! (1/21/15)

Open article - available to everyone
21.05.2015
Draft
The VAT Act has been amended several times since its latest version came into force on 1 January 2013. The Ministry of Finance (MOF) has announced it will start work on a new set of proposals for amending the VAT Act. The amendments are expected to come into force on 1 January 2016. Read more..

Worker status and income support entitlement (2/21/15) (0)

21.05.2015

Practice

Directive 2004/38/EC of the European Parliament and the Council of 29 April 2004 on the right of citizens of the Union and their family members to move and reside freely within the territory of the Member States governs free movement and residence in the member states. It turns out, however, that the rules of the directive might not be applied in practice as intended. This article explores EU litigation that might be relevant to Latvian nationals living elsewhere in the EU. Read more..

Tax implications of selling gift or inheritance (3/21/15) (0)

21.05.2015

Practice

This article completes what we wrote on this subject last week. Read more..

Residence certificate rules amended (1/20/15) (0)

12.05.2015

Passed

We have informed our subscribers about proposals for amending Cabinet Regulation No. 178, Procedures for Claiming Tax Relief under Double Tax Treaties, with respect to tax residence certificates. The amendments came into force on 1 May 2015. Read more..

Tax implications of selling real estate acquired by gift or inherited (2/20/15) (0)

12.05.2015

Practice

This article explores how to charge personal income tax (PIT) on the sale of real estate (RE) acquired by gift or inherited according to special rules of the PIT Act. Read more..

EU Court analyses party primarily responsible for paying VAT (3/20/15) (0)

12.05.2015

Practice

In April 2015 the Court of Justice of the European Union (CJEU) ruled on case C-111/14 dealing with the question of which party is primarily responsible for paying VAT if the supplier has a fixed establishment (FE) in the other member state within the meaning of the VAT Act, and the question of the right to issue adjusting tax documents if the tax authorities have issued a notice of tax reassessment, i.e. they have made the decision to assess extra tax. Read more..

 
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