Parking costs: VAT treatment (1/43/14)

Open article and invitation to participate in discussion
22.10.2014
Practice
Asked whether a trader’s parking costs are treated as his general business costs or car running costs, a tax official answered that parking costs are related to car maintenance, during a recent seminar on the latest VAT developments. Read more..

Donations and taxes (3) (2/43/14) (0)

22.10.2014

Practice

This article wraps up where we left off last week. Read more..

Application of income tax to sailors (3/43/14) (0)

22.10.2014

Practice

Situations where persons employed outside Latvia are subject to double taxation are not infrequent. To avoid this, Latvia has passed suitable mechanisms into its national laws and international treaties. So far it has been widely discussed how those mechanisms operate in standard situations. This article explores ways of avoiding the double taxation of foreign income gained by sailors. Read more..

Excise security (1/42/14) (0)

14.10.2014

Passed

Amendments to Cabinet Regulation No. 302 of 30 March 2010 relating to excise security are coming into force on 1 November 2014 to enhance the competitiveness of logistics businesses handling both customs and excise. Read more..

Donations and taxes (2) (2/42/14) (0)

14.10.2014

Practice

To pick up where we left off on the subject of reporting donations on tax returns, this article offers practical examples of how to report a donation on the VAT return when goods are donated instead of money. Read more..

Stock option income (3/42/14) (0)

14.10.2014

Practice

From 1 January 2013 the Personal Income Tax (PIT) Act contains rules for stock options (future purchase rights). We have faced strict application of these rules by the Latvian authorities. This article explores the tax implications where a company fails to notify the authorities of its stock option plan but does meet the other statutory conditions. Read more..

 
© 2014 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.  | Last updated: 23.10.2014