On 8 August 2017, the Latvian State Revenue Service (SRS) announced the country's Country-by-Country (CbC) reporting regulations, which were approved by the Latvian Cabinet in July following an amendment to the Law on Taxes and Duties to require CbC reports. The CbC reporting regulations are in line with Council Directive (EU) 2016/881 on the exchange of CbC reports, including that:
- The CbC reporting requirements apply for fiscal year beginning on or after 1 January 2016 for MNE groups meet…