ACCOUNTING

From 1 January 2018, signficant changes in Corporate Income Tax (CIT) law come into force. The changes are a part of changes taxation principles that affect several taxes referred to as "Tax Reform". According to the new CIT law loans issued to related parties may be treated as conditional profit distribution and taxed at the rate of 25% from the amount transferred in the month of transfer.

At the moment, and until the end of 2017, companies pay Corporate Income Tax (CIT) in the amount of 15% every year when they have taxable profits. As a part of Tax Reform, from 2018 CIT is payable at profit distribution. This means companies do not have to pay CIT every year when they have taxable profits. Instead, they have to pay tax at the rate of 20% when they distribute dividends.

For profit making companies and international groups, it becomes very favorable to use a Latvian company for accumulation of profits. On the contrary, the loss-making companies suffer, since they have only 5 years to use their accumulated tax losses and they will be able to use only 50% of their accumulated tax losses.

It is all about help in reaching goals. As a company, we have our goals. And we reach them by helping our Clients to reach theirs. You have goals of your own. Is your goal becoming a highly skilled chief accountant, finance director, company director or business owner? Do you need a job where you can not only earn money but also learn and grow? Then join Assistants to Business.

Previous experience is not required for Intern and Assistant Accountant position.