Preparation of annual income tax returns

Annual tax compliance: preparation and filing of 2008 personal income tax returns for recipients of the below income:

  • Individuals receiving income overseas or from foreign companies;
  • Non-taxable income (Section 9 of Personal Income Tax Act) in excess of four annual personal allowances or LVL 3 840 per annum;
  • Self-employed persons.
 
 
Deadline for filing of personal income tax returns is 1 April 2009 by which date we provide 2008 Annual Tax Complianceto expatriates and other persons in addition to our usual consulting on personal tax issues:
 
Annual tax compliance : preparation and filing of 2008 personal income tax return Starting from LVL 100*
• Individual tax assistance:
  - Expatriate compliance and taxation;
  - Application of double tax treaties/   calculation of foreign tax credits;
  - Preparation of supportive documents for   tax and accounting purposes;
  - Transaction reporting under Latvian law.
40 per hour
• Consultations on labour income:
  - Taxation of fringe benefits;
  - Tax-exempt income;
  - Payments to non-employees;
  - Reporting requirements.
40 per hour
• Accounting and tax reports to self-employed persons and sole traders Starting from 75 per month
• Consultations to real estate owners on their tax compliance Starting from 40 per hour
• Assistance in solving of different personal tax matters at the tax office   40 per hour
• Claiming of tax refunds for overpaid tax 5% from overpaid tax (minimum threshold 500) or 40 per hour

 

*The above tariffs do not include Latvian VAT (21% or 0%) subject to legal address/ permanent place of residence of client

 



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