In an environment of economic instability, changing legislation and rapid technology development, many companies are looking for ways to optimize their costs, including labour costs. One recognised way to reduce administrative costs effectively while maintaining high quality services is to outsource payroll.
By partnering with PwC and using our approach to transforming payroll delivery, our clients have been able to minimize compliance risk, streamline processes, standardize controls and improve efficiency and flexibility.
As your trusted outsourcing partner, the PwC team is ready to take on your payroll and reporting functions.
We will keep you up to date with the latest industry trends and legislation. We focus on quality and reliability, with clear processes and business continuity plans to give you peace of mind and confidence. The security of your data is a top priority for us. That is why we protect them in accordance with all the relevant data protection regulations.
Our payroll specialists and income tax experts support clients on a long-term basis, upskilling all the time. This means you have highly motivated people who enhance their know-how with the experience of the team and are glad to support you for many years.
We use the latest technology to build processes and platforms which solve complex challenges and drive efficiencies. Our collaboration platform, Sightline, delivers faster and easier ways of working with us.
How we can help
- Domestic payroll
- Payroll advisory
- Registration
Domestic payroll
- Monthly payroll calculation, as well as the calculation of related taxes (based on hours worked, salaries, vacation pay and sick leaves, bonuses, commissions, and overtime)
- Preparation and submission of monthly and annual payroll returns to the State Revenue Service
- Preparation and submission of statistical reports
- Sending payslips to employees
Payroll advisory
- Advising on payroll and related taxation issues
- Transformation support and payroll process automation
- Trainings on payroll calculation and related taxation
Registration
Registration of foreign companies and entrepreneurs in Latvia for payroll tax obligations
It’s quick and easy to get started
You get in touch with us to discuss your payroll services requirements. We’ll need a few key details such as the number of employees, complexity of payroll and current payroll processes. This initial exchange may take place in person, by phone or by email.
We analyse the status quo and identify how we can best support you with our payroll services. We then send you a tailored quote, which you’re welcome to compare against other payroll service providers.
If you do decide to go with us, we agree on a suitable start date and sign the engagement letter.
Then we’ll send you a list of the necessary documents, such as employee data, remuneration policy, etc. We’ll also send you a realistic timeline.
Then we get started together, either with a meeting or a conference call. In this discussion we’ll clarify any queries and formalities. Other people may be involved depending on the scope of your payroll solution.
If you don’t get to know every team member at the kick-off meeting we’ll introduce you to the others at a second meeting.
Contact us
