At the VAT practice of Deloitte, we deal with a wide range of issues.

We work in interdisciplinary teams, focused on specific industries, which gives us specialized knowledge required to understand the particular needs of your company.

We advise on various subjects such as opportunities and risks regarding real estate, financial services, telecommunication, energy and utilities, government and health care industries, etc. Our international practice can help the Company attain an optimal VAT plan for its international flows of goods and services.

Our services comprise the following:

> VAT planning
> Analysis of VAT risks and opportunities
> Advice and implementation
> Compliance, realization of administrative obligations
> Support in complaint and appeal procedures
> Courses and trainings
> Defending the interest of the Company with vested bodies

Our services: 

• VAT planning

How can I save on VAT? 
We can help the Company lower its VAT burden. For example, we can assist in making use of opportunities to optimize the VAT recovery which, in an existing context, is (partly or wholly) not deductible. This is the case for example for banks and insurance companies, governmental institutions, hospitals, nurseries, schools and the real estate industry. By conscious planning, we can save costs for national and international operating companies, for example on cross-border transactions.

With VAT planning we offer you:
- VAT saving opportunities
- possibly a higher VAT recovery
- cash flow optimization.

• VAT advisory
 
How do I timely spot opportunities and risks within the company?   
We provide an overview of the VAT opportunities and risks within the organization. We look for possible deficiencies in the system and verify that saving opportunities are being optimally made use of.

We provide VAT advisory services with regard to (national and international) mergers, acquisitions and divisions, and share transactions. The extent and depth of the investigation, of course, dependent on the Company’s needs.

VAT advisory may amongst others include:

- assessment of risks of additional VAT liabilities and penalties;
- VAT saving opportunities;
- VAT due diligence

• VAT compliance

As a foreign entrepreneur, how do I arrange formal matters such as the return and the registration? 
 
A VAT tax return is a complex matter, especially for foreign entrepreneurs. The Latvian tax department sticks to tight deadlines when it comes to this administrative obligation. Our VAT Compliance Team can take this responsibility out of your hands. We not only take care of the tax return but also the statistical obligations (Intrastat). The VAT Compliance Team also takes care of requests for refund and the registration of the Company.

Our Compliance Team offers you the security of knowing that the following matters will be handled adequately and in time:

- VAT returns, statistics obligations (Intrastat)
- Requests for refund of Latvian VAT
- VAT registration

• Complaints against and appeals to decisions of the tax authorities.

We prepare, in close co-operation with the Company, the appeal against the decisions of the tax authorities, assist in negotiations and represent the Company in the court. Our team will help to come to a solution of the dispute with the tax authorities, where necessary supporting the argumentation with the local legislation, Case Law of European Court of Justice, etc.

• Defending the Company’s interest with vested bodies

We represent our clients when dealing with the state authorities, in cases where the Company’s interest conflicts with the Government’s needs.

Main contact information:
If you have any questions or need for assistance, please contact our manager Sabīne Vuškāne:

Sabīne Vuškāne
Phone:  +371 67 074 100
Fax: + 371 67 074 103
SIA Deloitte Latvia
Gredu street 4a
Riga, LV1019
Latvia
 Email Us