Seminar: Amendments to tax legislation 29012015

AMENDMENTS IN TAX LEGISLATION 2015, 29th JANUARY - CHOOSE TO BE INFORMED! BDO TAX welcomes you to use an opportunity to be informed about important changes in tax application in the year 2015 and obtain information on other tax aspects to be considered by performing everyday business and private individual transactions. Together we shall analyse and discuss the following topics: Personal income tax: · Change of personal income tax rate – advantage for individuals! · Unpaid loan and interest payments – remembered to be declared as income · Business trip versus assignment · Opportunity to be exercised by investing in functionally similar real estate Value Added Tax: · Electronically supplied services – do we know who a recipient is? · Counterparty evaluation – criteria to be reviewed for not being involved in fictitious supply · Trends against VAT fraud – impact on every taxpayer Corporate Income Tax: · Interim dividends – first year to be reported · Documentation confirming transaction value – how relevant and is it necessary to be ensured? · Tax allowances: have opportunities been exercised? Other issues: · Change of Micro-enterprise tax rate and tendencies to be considered; · Timely provision of information to the land register – how to avoid penalties? · Increased Real estate tax rate for non-commissioned buildings. Our team will welcome to discuss any other questions You would have regarding amendments in tax legislation to be in force since January 2015. BDO Tax Kaļķu street 15, Riga LV-1050, Latvia P: +371 67222237 F: +371 67222236 E-mail: [email protected] www.bdotax.lv Marina Bickovska, BDO TAX Chairwomen of the Board Member of Latvian Tax Consultant Association [email protected] Remi Troch, BDO TAX International Tax Director [email protected] Gita Avotina, BDO TAX Senior Tax Consultant, Certified Tax Consultant, Attorney at Law, [email protected] Amendments to the Latvian Labour law regarding: · Establishing employment legal relationships; · Rights of foreign employees; · Rights of minor employees and employees with children under their care and supervision; · Sums of money payable to the employees (amount, payment procedure and deductions); · Working time and rest time; · Liability of employees; · Vocational training or raising of qualification; · Termination of the legal relationships (grounds, notification procedure and terms). Dace Indane, LL.M, VARUL Senior Associate, Attorney at Law [email protected]

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Transcript of Seminar: Amendments to tax legislation 29012015

Page 1: Seminar: Amendments to tax legislation 29012015

AMENDMENTS IN TAX LEGISLATION 2015, 29th JANUARY - CHOOSE TO BE INFORMED!

BDO TAX welcomes you to use an opportunity to be informed about important changes in tax application in the year 2015 and obtain information on other tax aspects to be considered by performing everyday business and private individual transactions.Together we shall analyse and discuss the following topics:

Personal income tax:· Change of personal income tax rate – advantage for individuals!· Unpaid loan and interest payments – remembered to be declared as income· Business trip versus assignment· Opportunity to be exercised by investing in functionally similar real estate

Value Added Tax:· Electronically supplied services – do we know who a recipient is?· Counterparty evaluation – criteria to be reviewed for not being involved in fictitious supply· Trends against VAT fraud – impact on every taxpayer

Corporate Income Tax:· Interim dividends – first year to be reported· Documentation confirming transaction value – how relevant and is it necessary to be ensured? · Tax allowances: have opportunities been exercised?

Other issues:· Change of Micro-enterprise tax rate and tendencies to be considered;· Timely provision of information to the land register – how to avoid penalties?· Increased Real estate tax rate for non-commissioned buildings.

Our team will welcome to discuss any other questions You would have regarding amendments in tax legislation to be in force since January 2015.

BDO TaxKaļķu street 15, Riga LV-1050, LatviaP: +371 67222237 F: +371 67222236E-mail: [email protected]

Marina Bickovska, BDO TAXChairwomen of the BoardMember of Latvian Tax Consultant [email protected]

Remi Troch, BDO TAXInternational Tax [email protected]

Gita Avotina, BDO TAXSenior Tax Consultant,Certified Tax Consultant,Attorney at Law,[email protected]

Amendments to the Latvian Labour law regarding:· Establishing employment legal relationships; · Rights of foreign employees;· Rights of minor employees and employees with children under their care and supervision;· Sums of money payable to the employees (amount, payment procedure and deductions);· Working time and rest time;· Liability of employees;· Vocational training or raising of qualification;· Termination of the legal relationships (grounds, notification procedure and terms).

Dace Indane, LL.M, VARULSenior Associate, Attorney at [email protected]