Transfer Pricing
We offer transfer pricing risk mitigation services through documentation preparation and consulting, based on many years of experience in tax administrations and international tax consulting companies.
We offer transfer pricing risk mitigation services through documentation preparation and consulting, based on many years of experience in tax administrations and international tax consulting companies.
Our experts will protect your business from tax risks.
In recent years, more and more companies, including small and medium-sized companies, have been examined in connection with the transfer pricing* policy, and some of them have also been subject to a market price adjustment. Therefore, the need to prepare appropriate documentation is becoming more and more urgent.
TaxLink Latvia offers an affordable and effective way to protect your business from transfer pricing risks. We are flexible and work throughout the Baltic region. We have experience in working with transfer pricing in several jurisdictions - mainly in Latvia and Lithuania. Our experts have many years of experience working in international tax consulting companies, preparing transfer pricing documentation and in the State Revenue Service, identifying transfer pricing risks.
We help companies eliminate tax risks and resolve disputes with tax administrations.
We provide consultations to help companies eliminate tax risks and resolve disputes with tax administrations. We also advise on the structuring of domestic and cross-border transactions and the creation of the most optimal business structure, which would be both tax efficient and economically sound at the same time.
Tax legislation obliges companies to prepare transfer pricing documentation to be submitted to the tax administration.**
We help companies prepare such documentation in accordance with the requirements of legislation and international guidelines , prepare or verify intercompany agreements, as well as prepare other transaction proof documents.
We are proud that our extensive experience in transfer pricing enables us to provide valuable advisory services that bridge the gap between transfer pricing theory and practice.
Our clients most often thank us for the development of practical solutions that meet the standards set by the State Revenue Service and the requirements for the quality of the information to be submitted, in accordance with local legislation and international guidelines.
We will help prevent tax risks and resolve disagreements with tax administrations!
Find out the cost of the service
Latvian office
CEO, Taxes and accounting
Head of Transfer Pricing Department
Confidentiality. A confidentiality agreement is signed before provision of our services.
A careful approach to each situation. Investigation of transactions from the aspect of tax consequences, providing recommendations for the prevention of tax risks.
*The concept of transfer pricing, depending on the situation, can mean a price, a mark-up, a profit level, a cost level, which must be applied by companies when carrying out transactions with its related parties - when purchasing goods or services, making financial transactions, or making other payments with related companies. When calculating transfer prices, the conditions of the transaction market price principle (Arm's length principle) must be observed, which means that the transaction must have economic rationality, the value of the transaction must correspond to the conducted transfer pricing market price research.
**Transfer pricing documentation must be prepared within 12 months after the end of the reporting year and submitted at the request of the SRS, if the amount of controlled transactions carried out by the company in the reporting year exceeds EUR 250 000. On the other hand, if the amount of the controlled transactions exceeds EUR 5 000 000, then the transfer pricing documentation must be submitted to EDS by the end of the next accounting year, without waiting for the SRS request.
+371 28 345 496
olegs@taxlink.lv