Tax Consulting

We are strong both globally and nationally. We are dedicated to our clients and capable to solve tax issues of any size and magnitude anywhere. Our team is part of 18,000 skilled and experienced tax professionals worldwide.

How can we help

PwC is the leading provider of tax services worldwide both in terms of the size and scope of our tax practice and our reputation. Clients engage us because we combine a strong understanding of their business and economic environments with specialist tax knowledge in hundreds of national and local jurisdictions across the globe. As tax codes become increasingly complex and tax planning more controversial, we help companies to:

  • identify and reduce tax risks,
  • understand and meet their compliance obligations,
  • implement tax strategies that complement their business and operational objectives,
  • resolve disagreements with tax authorities when they arise, and
  • manage tax accounting and reporting issues and design of best in class tax functions

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Latest news

Implementation of minimum NSI income is (not?) approaching

As the vacation season is approaching, so is the implementation of the controversial minimum income subject to mandatory national social insurance (“NSI”) contributions, which might affect many companies from 1 July 2021. On 24 May, however, the Parliamentary Presidium presented proposals for amending the NSI Act to a committee, urging a deferral of the effective date of the earlier amendments. This article describes the basic principles for applying the minimum NSI income and offers practical examples in case the bill is not approved and the new rules come into force from 1 July.

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Ways of reducing tax on profit distribution

Increasingly more companies have distributed their profits accrued before 2018 without paying corporate income tax (“CIT”) on the dividends under the new CIT regime. When it comes to distributing “new” profits, the shareholders may wonder about ways of cutting the tax charge on dividends. This article explores some of the possibilities, suggestions, and the latest developments.

Tax authority’s comment on transfer pricing issues comes as pleasant surprise

Section 15.2 of the Taxes and Duties Act requires a taxpayer to meet requirements for the timeliness of information included in their transfer pricing (“TP”) documentation and for regular updates to reflect the present situation. During a period of calm in preparing and filing TP documentation, we asked the State Revenue Service (“SRS”) to answer some confusing questions about updating comparable data and revising financial data, including the scope for taking the roll forward approach.

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Contact us

Ilze Rauza

Ilze Rauza

Tax Director

Tel: +371 6709 4400

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