The European Council stated that a number of jurisdictions have not taken sufficient steps to implement their commitments by the agreed deadline, nor engaged in a meaningful dialogue that could lead to such commitments. Subsequently, the Council revised the EU list of non-cooperative jurisdictions for tax purposes. Annex I – black list The EU included...

Latvia published the law with amendments to the Corporate Income Tax Act in its official gazette. The law entered into force on February 12, 2020. Hybrid mismatch measures Article 71 of the law concerns hybrid mismatch measures. Hybrid mismatch means a situation in which a taxable person engages in activities of an affiliate, of an affiliate,...

The collection of information by tax authorities entails a correlative taxpayers’ right to access such information and correct its inaccuracies, along with an obligation for tax authorities to protect its confidentiality to the fullest extent possible from any form of misuse, either by tax administration officials or by third parties. However, while the legislative bodies...

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