As a member of the European Union, Latvia’s VAT regulations are in compliance with the EU VAT Directive. Accordingly, the Latvian VAT Act aims to achieve harmonisation with the EU regulations and legal practice and also to react to the processes of the Latvian economy. Therefore, our clients find a legal environment in Latvia that is similar to the one they experience elsewhere in Europe, but it still differs from the practices of other countries in several respects, due to being adjusted to the specific circumstances of the Latvian economy.
PwC team members have specialised in the different industries and have, therefore, a thorough understanding of not just VAT regulations but also our clients’ business activities.
The analysis of our client’s business activities allows us to offer comprehensive and customised solutions to all of our clients’ local, regional or global VAT issues. We offer our clients means to reduce their VAT burdens, to optimise their VAT cash flows, to find the most beneficial VAT treatment, consultation on administrative and declaration obligations, and ways to optimise their enterprise resource planning systems. PwC Latvia maintains a continuous dialogue with the Latvian authorities to discuss unclear provisions of the VAT Act.
Tax Director, PwC Latvia
Tel: +371 6709 4400