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Tax and financial risks

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Latvian businesses are often faced with tax risk issues – complex transactions, non-standard situations or SRS requests that are difficult to answer without an in-depth understanding of tax. Financial risks can arise not only from mistakes, but also from ignorance.

Expa provides advice and analysis in situations requiring in-depth tax expertise – for both companies and individuals.

Typical scenarios:

  • Transactions with related companies – transfer pricing and documentation in accordance with OECD guidelines and LR requirements
  • International transactions – VAT on services and goods within and outside the EU
  • Optimising the revenue structure – Dividends, salaries, royalties – how to choose the most legally advantageous
  • Tax arrears and late payment – Negotiating with the SRS on payment schedules or penalty reductions
  • Cryptocurrency transactions – Taxation under Cabinet Regulation No 798
  • Inheritances and gifts – Tax consequences and declaration obligations

Our approach

We work with the real situation – we analyse your specific transactions, documents and circumstances, rather than theoretically describing risks. After the consultation, you are clear what the risks are, what the opportunities are and what the recommended course of action is.

In cases where a dispute has already arisen with the SRS, we assist in preparing objections, contestation documents and, if necessary, support litigation in cooperation with lawyers.

Cooperation steps

1. Contact

2. Assessing the situation

3. Offer

4. Implementation

Risks

Unidentified tax risks can result in penalties of up to 100% of the incorrectly calculated tax.

Why Expa?

Experience since 2010

Individual approach

SRS audit support

Proactive risk management