Accounting, Payroll, Tax compliance services.
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In a competitive and ever-changing business environment it is increasingly difficult to achieve a leading market position. Building and maintaining such a position normally requires focus on the company’s core commercial activities.
In response to these challenges, PricewaterhouseCoopers (PwC) offers clients the possibility of outsourcing certain business processes, such as statutory accounting, payroll, tax compliance and international reporting functions to our experienced specialists in the Tax Management and Accounting Services (“TMAS”) team. The team of experienced accountants and tax advisors is ready to provide the highest quality services by taking over all or part of the company’s accounting and tax compliance processes.
TMAS: Accounting, payroll and tax compliance services
Accounting
- Maintaining accounting records in accordance with Latvian Accounting Law, International Financial Reporting Standards or Group accounting policies;
- Monthly and annual reports for group reporting purposes;
- Assistance in preparation of the chart of accounts for Latvian statutory, Group and tax reporting requirements as well as preparation of the accounting policy;
- Services relating to the closing of the financial year (preparation of the annual financial statements).
Payroll
- Calculation of monthly gross to net remuneration, personal income tax amounts and security contributions;
- Monthly tax and social security declarations, annual returns – preparing and submitting via Electronic Declaration System (EDS);
- Advice in the field of taxpayer duties, filing obligations and dates;
- Review of payroll tax compliance.
Tax compliance
- Maintaining purchase and sales records and VAT register in accordance with VAT Act;
- Drawing up VAT returns and submitting VAT returns to the tax office by the relevant due dates via EDS;
- Preparation of the annual Corporate Income Tax (CIT) calculation and CIT returns;
- Submitting CIT returns to the tax office via EDS;
- Reviews of VAT and CIT calculations
Why PwC?
- Quality services tailored to the Company’s needs;
- Full compliance with local statutory requirements;
- Confidentiality and protection of the Company's sensitive business data;
- Providing you with a single point of contact to help you keep on top of your compliance obligations;
- A strong team of specialists dedicated to accounting, payroll and tax compliance in Latvia;
- Experience supported by the PwC global network and by over 100 assurance, advisory and tax professionals in Latvia.
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Your key contacts in Latvia, Riga
Ingrida Dimina, Director, ingrida.dimina@lv.pwc.com
Agate Ziverte, Senior Consultant, agate.ziverte@lv.pwc.om
Anda Liepina, Senior Consultant, anda.liepina@lv.pwc.com
Kristine Bumbure, Consultant, kristine.bumbure@lv.pwc.com
Tel. +371 6709 4400
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