The changing legal regulations and practice lead to the need for regular monitoring of legislation and knowledge updates to correctly settle Personal Income Tax and Social insurance contributions.
The issue of income taxation related to working abroad is complex. That is because it applies not only to Latvian but also international law (including relevant agreements about the avoidance of double taxation concluded between Latvia and a given country) and the rules of the country of work. It is necessary, among other things, to determine whether to settle accounts for such income in Latvia at all and how to avoid double taxation.
Key considerations
- Your company has an employee stock plan or intend to implement such a plan?
- Are you a shareholder interested in selling or restructuring your business, or a high-income person who needs advice on tax savings?
- You want to limit the risk of possible penalties for incorrect settlement of Personal Income Tax and social security?
- There are problems with recruitment, fluctuations are rising, employees' motivation systems fail?
PwC is equipped to effectively address and resolve the challenges faced by your organization.
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