On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.
Assurance
Corporate accounting and outsourcing
Tax services
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Value added tax
We have extensive knowledge in the field of value-added-tax, excise duties and customs, both on the national and international level.
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Corporate income tax
We advise on all matters related to corporate taxation
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Transfer pricing
At Grant Thornton Baltic, our tax, legal and financial advisers assist you in all matters related to transfer pricing.
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Tax risk management
Tax risk management
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Due diligence
We identify the risks in different taxation areas (incl., corporate income tax, value added tax, payroll taxes, transfer pricing, transactions with non-residents). We prepare a report summarising any deficiencies and problems discovered and make proposals for their elimination.
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International taxation
Companies need clear strategies for tax efficient cross border business
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Taxation of private individuals
We provide our clients with integrated solutions. We advise clients in the preparation of income tax declarations as well as interpretation of different provisions regulating tax exemptions and tax incentives. For sole proprietors, we arrange accounting, prepare income tax declarations, and communicate with the tax authorities.
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Data protection and information security
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GDPR audit
GDPR audit
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DPO as a service
DPO as a service
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Data protection advisory services
Data protection advisory services
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Data protection impact assessment
Data protection impact assessment
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Information security audit
Information security audit
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Data protection
Transmission of personal data to the US – mission impossible?
Business advisory and valuation services
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Business advisory
Experienced financial advisers assist clients in all stages of their companies’ life cycle.
Career
Work for profesionals
Students
Vacancies
Vacancies for students
Cross-border business activities require continuous monitoring of local, foreign and international development of tax regulations.
There are various challenges in international business:
- cross-border restructuring or relocation of business activities;
- launch of cross-border business activities;
- pricing and financing between related entities;
- indirect taxes;
- business trips of key employees and cross-border employment.
Thanks to the global network, Grant Thornton Baltic has access to international know-how, which enables the client to reduce tax risks when operating in a foreign tax environment:
- Analysis of the tax risks and opportunities in cross-border transactions (including M&A) and business relocation
- Understanding the mutual impact of local, foreign and international tax regulations, and proposing solutions in line with customer’s business needs
- Establishing the tax optimal legal structure and business form
- Assistance in registering for cross-border VAT and income tax purposes
- Developing efficient and appropriate tax accounting principles
- Tax accounting for cross-border employees
We also advise foreign investors in their search for the optimum group structure and legal form of business activity in Latvia and other Baltic countries.
Tax systems vary from country to country. Our experienced tax advisers help customers to recognize the tax risks involved in cross-border business activities and comply with cross-border reporting requirements, as well as to identify and implement the unused opportunities.