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.