For an ever-decreasing number of businesses, financial return remains the top priority. For others, whether driven by investor demand, regulation or the desire to enhance societal value, there is now an expectation that organisations make environmental, social and governance (ESG) issues and sustainability integral to their corporate strategy, philosophy and reporting. Where does your business lie on the spectrum?
If a stock option awarded to an employee does not meet the criteria for the tax favoured treatment and is consequently taxable at vesting, the Latvian employer is liable to report the award for personal income tax (PIT) and national social insurance contributions (NSIC) purposes and ensure taxes are paid.
PwC provides general information about –
1. why tax resident status is important and how it is determined;
2. when you are liable to file a Latvian annual income tax return and when you can do so voluntarily;
3. social security arrangements.
In the run-up to the 20th anniversary of MindLink.lv, PwC’s business and tax portal, we are happy to offer you a tour of our portal, which has not only changed its visual identity but offers plenty of new opportunities and resources that can benefit its users every day!
After the end of the Brexit transition period, ie as early as 1 January 2021, the company will have to implement its strategy in all business areas where there is a risk of disruption: supply chain, finance, taxation, compliance and governance, IT, legal and other activities.
COVID-19 presents significant challenges to people and organisations around the globe and the disruption continues to evolve. PwC provides a tool to enable you to stay abreast of the changes that impact your business by providing you with the latest COVID-19 tax and legal response information by territory.