ERP system: cloud based or on premise? (1/49/19) (0)

06.12.2019

Practice

When it comes to setting up an enterprise resource planning (ERP) system, companies cannot avoid the question of choosing between on-premise or cloud-based. This is not an easy choice because companies should assess the pros and cons of each option to satisfy their needs. Read more..

Garden leave: remedy for protecting employer’s business (2/49/19) (0)

06.12.2019

Practice

When it comes to giving notice to terminate an employment contract, the employer wants to not only carry out their statutory obligations but also protect their business interests. Latvian law is silent about the employer’s right to prevent the employee from coming to work during the notice period. Anglo-Saxon law has dealt with this situation since late last century using the legal concept of garden leave. Read more..

Corporate tax treatment of donations (3/49/19) (0)

06.12.2019

Practice

With the year nearing its end, donors usually spring into action, so this article will remind our MindLink subscribers of the three types of relief under the Corporate Income Tax (CIT) Act. Read more..

CIT and PIT treatment of dividends: advance tax ruling (1/48/19) (0)

29.11.2019

Practice

In October 2019, the State Revenue Service (SRS) published an advance tax ruling on the corporate income tax (CIT) and personal income tax (PIT) treatment of dividends paid out of profits formed by proceeds from selling a subsidiary. The ruling answers some long-awaited questions about the tax implications. Read more..

Submission of transfer pricing documentation (2/48/19) (0)

29.11.2019

Practice

As the calendar year 2019 is nearing its end, some taxpayers are facing a deadline for filing their transfer pricing (TP) documentation. This article explores the deadline and some technical challenges that are likely to prevent taxpayers from meeting it. Read more..

 

 
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