Latvia
Overview of CbC reporting requirements
First reporting fiscal year: Commencing on or after 1 January 2016
Consolidated group revenue threshold: EUR 750 million
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
Latvia’s 2017/2018 peer review included a monitoring point relating to the interpretation of the definition of “Revenues – Related Party”. Latvia has issued guidance which clarifies this definition and so this monitoring point is now removed.1
Latvia confirms that its rules have not changed and continue to be applied effectively. Latvia continues to meet all terms of reference.
The exchange of information framework
Latvia confirms that its rules have not changed and continue to be applied effectively. Latvia continues to meet all terms of reference.