Transfer Pricing Requirement Calculator

We offer a functional support tool identifying TP requirements where the taxpayer can answer a set of questions (e.g. assessing whether the company has any related-party transactions and what amounts are involved) to work out the total value of related-party transactions to be reported on the CIT return and understand whether the taxpayer is required to prepare any particular form of TP documentation and file it with the SRS.

The conclusions set out below are based on the information you have provided, so any inaccuracy or lack of information may affect the taxpayer’s obligation to report transactions and to prepare and file a specified form of transfer pricing documentation with the tax authorities. The conclusions are for information only, and the taxpayer may evaluate them when deciding on any further steps required to comply with transfer pricing requirements. PwC assumes no responsibility for the interpretation or use of the conclusions outside this purpose.

Have there been transactions with related parties in this reporting year?

Number	Related party	Entity name	Country of residence	Related party transaction Please pay attention when determining the transaction amount for controlled lending transactions. See details: vid.gov.lv mindlink.lv	Transaction sum, €
1.		Entity A
				Sum:	Must be reported on line 6.5.1 of the CIT return

Will the deemed distributed profit (transaction value difference arising from related-party transactions) be included in the taxable base in the CIT return?

Number	Related party	Entity name	Country of residence	Related party transaction	Related party transaction value difference
1.		Entity A
				Sum:	Must be reported on line 6.5. of the CIT return

Consolidated net turnover of taxpayer's multinational enterprise group (MEG) in the relevant reporting year
The taxpayer's net turnover in the relevant reporting year
Is the taxpayer the parent company or the company replacing the parent company of a MEG or an entity that has the duty to prepare the MEG 's report?

Based on the information collected above, it was concluded that the taxpayer has the following obligations under the Latvian law:

The following sums must be included in the CIT return:

On line 6.5.:
On line 6.5.1.:

The taxpayer's duty to prepare and submit transfer pricing documentation:

Number	Related party	Entity name	Country of residence	Related party transaction	Transaction sum, €

Number	Related party	Entity name	Country of residence	Related party transaction	Transaction sum, €

Number	Related party	Entity name	Country of residence	Related party transaction	Transaction sum, €

SIA PricewaterhouseCoopers (PwC) does not collect or store any data. All data entered is processed client-side and is deleted upon closing this page. Please refer to PwC's Data Protection and Privacy Policy here.

PricewaterhouseCoopers SIA (PwC) does not collect or store any information entered on the Transfer Pricing Requirements Calculator. All of the entered data appears only on the user side and is automatically deleted once the calculator is closed. Please read PwC Data Protection and Privacy Policy here.

Contact us

Tatjana Koncevaja

Head of Transfer Pricing Practice, PwC Latvia

Zane Smutova

Senior Manager in Transfer Pricing, PwC Latvia

Tel: +371 67094400