Tax advisory for companies, branches and permanent establishments of foreign merchants - for assessing day-to-day transactions, checking tax risks, preparing returns, binding-ruling requests to VID and resolving complex tax matters.
Contact usLatvia has 15 different taxes, and each has its own rules of application, so even a seemingly simple transaction, an employment matter or everyday business activity can have specific tax consequences. Corsax experts help assess these consequences before a decision is made, clearly explaining which obligations arise for the company and how to meet them correctly.
In everyday tax advisory we help you understand how to act in dealings with clients, suppliers and employees, and how to start cooperation and conclude contracts so that the tax treatment is well thought through from the start. We assess the company's situation, suggest lawful solutions for managing the tax burden and help prepare the necessary documents, so that accounting and tax matters don't stay unclear.
In more complex situations we carry out a tax-risk review before a VID audit, to spot risk areas in time and at the same time see opportunities to improve the company's tax position. If a matter is not clearly enough defined in the law, we help prepare a sound binding-ruling request to VID, and in tax disputes we provide support by preparing documents, explanations and arguments for the best possible outcome.
Accounting prices are split into tiers based on your company's activity and workload. So from the start it's clear what drives the monthly fee and how much service you actually need.
Day-to-day bookkeeping rarely stands apart from tax, so your accounting data, tax returns and the consequences of transactions are looked at together. That helps spot, in good time, the situations where a document needs not just recording but a proper look at its impact on the company.
They say a good accountant is one you barely notice day to day, because the returns are filed, the documents are in order and the State Revenue Service (VID) stays quiet. That's exactly how we see our work - the accounting routine should be organised so it doesn't demand your constant attention.
We provide accounting and tax support both in everyday bookkeeping and in situations that call for weighing up a transaction, a State Revenue Service (VID) matter or an uncertainty from an earlier period. Not every question is complicated, of course - but it matters that, when one comes up, there's someone to ask.
For companies that want to hand an outsourced accountant their day-to-day document processing, tax-return filing, payroll and annual report preparation.
Support when you need to understand a specific accounting question, review how your records are kept, or clear up uncertainties from earlier periods.
Help preparing the documents to set up a Latvian limited company (SIA) and explaining the essentials, so you can start operating on a solid footing.
Valuation services for Register of Enterprises filings, for substantiating transaction prices, and for valuing intellectual property, shares, equity stakes or other contributions in kind.
Yes - before a VID audit we can assess the company's tax risk areas and help you understand which matters need tidying up. Such a review lets you spot potential risks in time and, at the same time, see lawful opportunities to improve your tax position.
Yes - if the tax treatment in a specific situation is unclear, we help prepare a well-founded binding-ruling request to the State Revenue Service (VID). This is especially useful when a company wants a clear position before a transaction or an important decision.
Yes - tax advisory helps assess the company's transactions, contracts and operating arrangements in order to find lawful solutions for managing the tax burden. The goal is not to avoid obligations, but to choose a structure and documentation that comply with the regulations and the company's actual activity.
When starting a new business, it's important to understand which tax obligations will arise from the chosen operating model, the transactions and from taking on employees. We help you build a tax plan and strategy, prepare the necessary returns and answer any unclear questions in person or remotely.